AB Ultra Short Income ETF (NYSEARCA:YEAR) Sees Large Volume Increase – Should You Buy?

Shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) saw unusually-high trading volume on Thursday . Approximately 399,233 shares were traded during trading, an increase of 155% from the previous session’s volume of 156,812 shares.The stock last traded at $50.5150 and had previously closed at $50.50.

AB Ultra Short Income ETF Price Performance

The stock has a 50-day simple moving average of $50.58 and a 200-day simple moving average of $50.59.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YEAR. PMG Wealth Management Inc. raised its stake in AB Ultra Short Income ETF by 0.4% during the 3rd quarter. PMG Wealth Management Inc. now owns 77,553 shares of the company’s stock valued at $3,919,000 after buying an additional 304 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of AB Ultra Short Income ETF by 2.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,198 shares of the company’s stock worth $770,000 after buying an additional 327 shares during the last quarter. USAdvisors Wealth Management LLC grew its holdings in shares of AB Ultra Short Income ETF by 1.6% in the third quarter. USAdvisors Wealth Management LLC now owns 26,461 shares of the company’s stock worth $1,340,000 after acquiring an additional 427 shares during the period. Leavell Investment Management Inc. increased its position in AB Ultra Short Income ETF by 5.0% during the third quarter. Leavell Investment Management Inc. now owns 9,794 shares of the company’s stock valued at $496,000 after acquiring an additional 464 shares during the last quarter. Finally, Claro Advisors LLC lifted its holdings in AB Ultra Short Income ETF by 12.7% in the third quarter. Claro Advisors LLC now owns 5,415 shares of the company’s stock valued at $274,000 after acquiring an additional 611 shares during the period.

AB Ultra Short Income ETF Company Profile

The Ab Ultra Short Income ETF (YEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides exposure to government and corporate ultra-short-term bonds from the United States. The fund seeks to maintain a dollar-weighted average duration of less than one year. YEAR was launched on Sep 14, 2022 and is managed by AB Funds.