AB Ultra Short Income ETF (NYSEARCA:YEAR) Hits New 12-Month Low – Here’s Why

AB Ultra Short Income ETF (NYSEARCA:YEAR)’s share price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $49.74 and last traded at $50.0340, with a volume of 2,555 shares traded. The stock had previously closed at $50.04.

AB Ultra Short Income ETF Price Performance

The stock’s 50-day moving average price is $50.16 and its 200-day moving average price is $50.26.

Institutional Investors Weigh In On AB Ultra Short Income ETF

Several large investors have recently modified their holdings of YEAR. Wagner Wealth Management LLC acquired a new position in shares of AB Ultra Short Income ETF in the 1st quarter valued at about $127,000. Fifth Third Bancorp bought a new stake in shares of AB Ultra Short Income ETF during the 1st quarter valued at about $468,000. Next Level Private LLC grew its stake in AB Ultra Short Income ETF by 45.5% during the first quarter. Next Level Private LLC now owns 10,122 shares of the company’s stock worth $511,000 after purchasing an additional 3,163 shares during the period. Independent Financial Group LLC acquired a new stake in AB Ultra Short Income ETF during the first quarter worth approximately $588,000. Finally, Arkadios Wealth Advisors acquired a new stake in AB Ultra Short Income ETF during the first quarter worth approximately $739,000.

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.