EverSource Wealth Advisors LLC Invests $700,000 in AB Ultra Short Income ETF $YEAR

EverSource Wealth Advisors LLC purchased a new position in AB Ultra Short Income ETF (NYSEARCA:YEAR) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 13,871 shares of the company’s stock, valued at approximately $700,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new stake in shares of AB Ultra Short Income ETF during the fourth quarter worth about $73,000. Sun Financial Inc purchased a new stake in shares of AB Ultra Short Income ETF during the fourth quarter worth about $254,000. Centerpoint Advisory Group purchased a new stake in shares of AB Ultra Short Income ETF during the fourth quarter worth about $254,000. Claro Advisors LLC increased its stake in shares of AB Ultra Short Income ETF by 12.7% during the third quarter. Claro Advisors LLC now owns 5,415 shares of the company’s stock worth $274,000 after purchasing an additional 611 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of AB Ultra Short Income ETF during the fourth quarter worth about $308,000.

AB Ultra Short Income ETF Price Performance

YEAR stock opened at $50.33 on Tuesday. The firm has a 50-day simple moving average of $50.38 and a 200-day simple moving average of $50.49. AB Ultra Short Income ETF has a 52 week low of $50.26 and a 52 week high of $50.82.

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. YEAR was launched on Sep 14, 2022 and is managed by AB Funds.