Gateway Wealth Partners LLC Decreases Stock Position in AB Short Duration High Yield ETF (NYSEARCA:SYFI)

Gateway Wealth Partners LLC cut its holdings in AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 18.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,553 shares of the company’s stock after selling 8,391 shares during the quarter. Gateway Wealth Partners LLC’s holdings in AB Short Duration High Yield ETF were worth $1,304,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Raymond James & Associates raised its stake in AB Short Duration High Yield ETF by 44.6% in the third quarter. Raymond James & Associates now owns 539,909 shares of the company’s stock valued at $19,410,000 after buying an additional 166,632 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of AB Short Duration High Yield ETF in the second quarter worth about $7,291,000. Truist Financial Corp purchased a new position in shares of AB Short Duration High Yield ETF in the second quarter worth about $5,250,000. Great Valley Advisor Group Inc. raised its stake in shares of AB Short Duration High Yield ETF by 39.8% in the third quarter. Great Valley Advisor Group Inc. now owns 146,627 shares of the company’s stock worth $5,271,000 after purchasing an additional 41,745 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in shares of AB Short Duration High Yield ETF in the second quarter worth about $4,067,000.

AB Short Duration High Yield ETF Stock Performance

Shares of NYSEARCA:SYFI opened at $36.28 on Wednesday. AB Short Duration High Yield ETF has a 52-week low of $34.82 and a 52-week high of $36.28. The business has a 50-day moving average price of $35.84 and a 200-day moving average price of $35.69.