AB Ultra Short Income ETF (NYSEARCA:YEAR) Stake Increased by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC raised its stake in shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,087 shares of the company’s stock after acquiring an additional 507 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in AB Ultra Short Income ETF were worth $558,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its stake in AB Ultra Short Income ETF by 20.2% during the third quarter. Integrated Wealth Concepts LLC now owns 4,774 shares of the company’s stock worth $243,000 after purchasing an additional 801 shares during the last quarter. Laraway Financial Advisors Inc bought a new position in shares of AB Ultra Short Income ETF in the 3rd quarter worth about $366,000. Hilltop Holdings Inc. acquired a new position in shares of AB Ultra Short Income ETF in the 3rd quarter valued at about $432,000. Sanctuary Advisors LLC bought a new stake in shares of AB Ultra Short Income ETF during the 2nd quarter valued at about $614,000. Finally, Cozad Asset Management Inc. raised its stake in AB Ultra Short Income ETF by 198.2% during the third quarter. Cozad Asset Management Inc. now owns 13,165 shares of the company’s stock worth $669,000 after acquiring an additional 8,750 shares during the period.

AB Ultra Short Income ETF Stock Up 0.1 %

NYSEARCA:YEAR opened at $50.50 on Friday. The stock has a 50 day moving average of $50.48 and a 200-day moving average of $50.58. AB Ultra Short Income ETF has a 52 week low of $50.18 and a 52 week high of $50.92.

AB Ultra Short Income ETF 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.