AB Ultra Short Income ETF (NYSEARCA:YEAR – Get Free Report) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $50.21 and last traded at $50.23, with a volume of 157847 shares changing hands. The stock had previously closed at $50.25.
AB Ultra Short Income ETF Price Performance
The stock’s 50-day simple moving average is $50.36 and its 200 day simple moving average is $50.48.
Hedge Funds Weigh In On AB Ultra Short Income ETF
Hedge funds have recently made changes to their positions in the stock. Quantum Private Wealth LLC raised its position in AB Ultra Short Income ETF by 152.2% in the third quarter. Quantum Private Wealth LLC now owns 38,528 shares of the company’s stock valued at $1,952,000 after purchasing an additional 23,252 shares during the period. Welch Financial Planning LLC purchased a new position in shares of AB Ultra Short Income ETF during the fourth quarter worth $1,307,000. Truist Financial Corp boosted its position in shares of AB Ultra Short Income ETF by 15.1% during the fourth quarter. Truist Financial Corp now owns 250,926 shares of the company’s stock worth $12,667,000 after buying an additional 32,990 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of AB Ultra Short Income ETF by 58.1% in the fourth quarter. Concurrent Investment Advisors LLC now owns 30,024 shares of the company’s stock valued at $1,516,000 after buying an additional 11,037 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of AB Ultra Short Income ETF in the fourth quarter valued at $3,067,000.
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.
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