AB Ultra Short Income ETF (NYSEARCA:YEAR – Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $50.11 and last traded at $50.12, with a volume of 22487 shares traded. The stock had previously closed at $50.17.
AB Ultra Short Income ETF Stock Down 0.1%
The business’s fifty day moving average is $50.25 and its two-hundred day moving average is $50.33.
Hedge Funds Weigh In On AB Ultra Short Income ETF
Several institutional investors have recently modified their holdings of the business. Wagner Wealth Management LLC acquired a new stake in AB Ultra Short Income ETF in the 1st quarter valued at about $127,000. Colonial Trust Advisors grew its position in shares of AB Ultra Short Income ETF by 59.7% during the fourth quarter. Colonial Trust Advisors now owns 2,675 shares of the company’s stock worth $135,000 after acquiring an additional 1,000 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of AB Ultra Short Income ETF by 25.2% during the fourth quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock worth $251,000 after buying an additional 1,000 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of AB Ultra Short Income ETF by 55.7% in the 4th quarter. Cornerstone Wealth Management LLC now owns 7,867 shares of the company’s stock valued at $397,000 after purchasing an additional 2,814 shares during the last quarter. Finally, Claro Advisors Inc. grew its position in AB Ultra Short Income ETF by 64.4% in the 4th quarter. Claro Advisors Inc. now owns 8,903 shares of the company’s stock valued at $449,000 after buying an additional 3,488 shares during the last quarter.
About AB Ultra Short Income ETF
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.
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