AB Ultra Short Income ETF (NYSEARCA:YEAR) Hits New 1-Year Low – Here’s What Happened

AB Ultra Short Income ETF (NYSEARCA:YEAR)’s stock price reached a new 52-week low on Monday . The stock traded as low as $50.17 and last traded at $50.18, with a volume of 15023 shares trading hands. The stock had previously closed at $50.31.

AB Ultra Short Income ETF Trading Down 0.3%

The business’s 50-day simple moving average is $50.27 and its 200-day simple moving average is $50.39.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of YEAR. PMG Wealth Management Inc. lifted its stake in AB Ultra Short Income ETF by 13.7% in the 1st quarter. PMG Wealth Management Inc. now owns 93,710 shares of the company’s stock valued at $4,715,000 after buying an additional 11,286 shares in the last quarter. Welch Financial Planning LLC purchased a new position in AB Ultra Short Income ETF during the fourth quarter worth $1,307,000. Truist Financial Corp increased its position in 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 in the last quarter. Global Retirement Partners LLC acquired a new position in shares of AB Ultra Short Income ETF in the fourth quarter worth $3,067,000. Finally, Concurrent Investment Advisors LLC raised its holdings 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 worth $1,516,000 after acquiring an additional 11,037 shares during the last quarter.

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.