AB Ultra Short Income ETF (NYSEARCA:YEAR) Reaches New 1-Year Low – What’s Next?

Shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) hit a new 52-week low on Wednesday . The stock traded as low as $50.07 and last traded at $50.0760, with a volume of 160912 shares. The stock had previously closed at $50.08.

AB Ultra Short Income ETF Price Performance

The company’s 50-day moving average price is $50.24 and its two-hundred day moving average price is $50.32.

Institutional Trading of AB Ultra Short Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wagner Wealth Management LLC acquired a new stake in AB Ultra Short Income ETF during the first quarter valued at approximately $127,000. Rothschild Investment LLC grew its position 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 worth $251,000 after acquiring an additional 1,000 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of AB Ultra Short Income ETF in the 1st quarter valued at approximately $468,000. Next Level Private LLC increased its holdings in shares of AB Ultra Short Income ETF by 45.5% in the 1st quarter. Next Level Private LLC now owns 10,122 shares of the company’s stock valued at $511,000 after acquiring an additional 3,163 shares during the last quarter. Finally, Independent Financial Group LLC bought a new stake in shares of AB Ultra Short Income ETF in the 1st quarter valued at approximately $588,000.

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.