AB Ultra Short Income ETF (NYSEARCA:YEAR) Reaches New 12-Month Low – Here’s What Happened

AB Ultra Short Income ETF (NYSEARCA:YEAR) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $50.21 and last traded at $50.23, with a volume of 157847 shares changing hands. The stock had previously closed at $50.25.

AB Ultra Short Income ETF Stock Performance

The business’s 50 day simple moving average is $50.36 and its 200 day simple moving average is $50.48.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in YEAR. N.E.W. Advisory Services LLC purchased a new position in AB Ultra Short Income ETF in the fourth quarter worth approximately $73,000. Wagner Wealth Management LLC acquired a new stake in AB Ultra Short Income ETF during the first quarter worth $127,000. Colonial Trust Advisors raised its position in AB Ultra Short Income ETF by 59.7% in the fourth quarter. Colonial Trust Advisors now owns 2,675 shares of the company’s stock valued at $135,000 after purchasing an additional 1,000 shares during the period. Rothschild Investment LLC lifted its stake in shares of AB Ultra Short Income ETF by 25.2% in the 4th quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock valued at $251,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Sun Financial Inc acquired a new position in shares of AB Ultra Short Income ETF in the 4th quarter valued at $254,000.

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.