AB Ultra Short Income ETF (NYSEARCA:YEAR) Sets New 12-Month Low – What’s Next?

AB Ultra Short Income ETF (NYSEARCA:YEAR)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $50.06 and last traded at $50.06, with a volume of 21048 shares trading hands. The stock had previously closed at $50.10.

AB Ultra Short Income ETF Price Performance

The stock has a 50-day simple moving average of $50.22 and a 200-day simple moving average of $50.30.

Institutional Trading of AB Ultra Short Income ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Wagner Wealth Management LLC acquired a new position in AB Ultra Short Income ETF in the 1st quarter worth about $127,000. Rothschild Investment LLC grew its holdings 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 purchasing an additional 1,000 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of AB Ultra Short Income ETF in the first quarter valued at approximately $468,000. Next Level Private LLC raised its holdings in 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 buying an additional 3,163 shares during the last quarter. Finally, Independent Financial Group LLC bought a new position in AB Ultra Short Income ETF in the 1st quarter valued at approximately $588,000.

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.