AB Ultra Short Income ETF (NYSEARCA:YEAR – Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $50.18 and last traded at $50.18, with a volume of 4315 shares. The stock had previously closed at $50.34.
AB Ultra Short Income ETF Trading Down 0.3%
The stock has a 50-day moving average price of $50.33 and a 200-day moving average price of $50.44.
Institutional Investors Weigh In On AB Ultra Short Income ETF
Several hedge funds have recently bought and sold shares of the stock. PMG Wealth Management Inc. increased its position in shares of AB Ultra Short Income ETF by 13.7% during the 1st quarter. PMG Wealth Management Inc. now owns 93,710 shares of the company’s stock valued at $4,715,000 after purchasing an additional 11,286 shares during the last quarter. Welch Financial Planning LLC bought a new stake in AB Ultra Short Income ETF in the 4th quarter worth approximately $1,307,000. Truist Financial Corp lifted its position in AB Ultra Short Income ETF by 15.1% in the 4th 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 last quarter. Concurrent Investment Advisors LLC boosted its stake in 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 worth $1,516,000 after buying an additional 11,037 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in AB Ultra Short Income ETF in the fourth quarter worth approximately $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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