EverSource Wealth Advisors LLC Invests $700,000 in AB Ultra Short Income ETF $YEAR

EverSource Wealth Advisors LLC bought a new stake in shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,871 shares of the company’s stock, valued at approximately $700,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Raymond James Financial Inc. lifted its position in AB Ultra Short Income ETF by 71.6% during the third quarter. Raymond James Financial Inc. now owns 869,953 shares of the company’s stock valued at $44,085,000 after purchasing an additional 363,083 shares during the period. Kensington Asset Management LLC lifted its position in AB Ultra Short Income ETF by 396.8% during the third quarter. Kensington Asset Management LLC now owns 497,486 shares of the company’s stock valued at $25,210,000 after purchasing an additional 397,355 shares during the period. Truist Financial Corp lifted its position in AB Ultra Short Income ETF by 15.1% during the fourth quarter. Truist Financial Corp now owns 250,926 shares of the company’s stock valued at $12,667,000 after purchasing an additional 32,990 shares during the period. D.A. Davidson & CO. lifted its position in AB Ultra Short Income ETF by 20.6% during the fourth quarter. D.A. Davidson & CO. now owns 240,446 shares of the company’s stock valued at $12,138,000 after purchasing an additional 41,088 shares during the period. Finally, Ausdal Financial Partners Inc. lifted its position in AB Ultra Short Income ETF by 5.3% during the third quarter. Ausdal Financial Partners Inc. now owns 205,427 shares of the company’s stock valued at $10,410,000 after purchasing an additional 10,249 shares during the period.

AB Ultra Short Income ETF Stock Performance

NYSEARCA YEAR opened at $50.33 on Tuesday. The company has a fifty day moving average of $50.38 and a 200 day moving average of $50.49. AB Ultra Short Income ETF has a 1 year low of $50.26 and a 1 year high of $50.82.

AB Ultra Short Income ETF 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.