AB Ultra Short Income ETF (NYSEARCA:YEAR) Sets New 12-Month Low – Should You Sell?

AB Ultra Short Income ETF (NYSEARCA:YEAR) shares reached a new 52-week low on Tuesday . The stock traded as low as $50.13 and last traded at $50.14, with a volume of 1849 shares traded. The stock had previously closed at $50.29.

AB Ultra Short Income ETF Stock Up 0.0%

The stock has a fifty day moving average of $50.26 and a 200-day moving average of $50.34.

Hedge Funds Weigh In On AB Ultra Short Income ETF

A number of institutional investors have recently bought and sold shares of YEAR. Wagner Wealth Management LLC acquired a new position in shares of AB Ultra Short Income ETF in the first quarter worth about $127,000. Colonial Trust Advisors raised its holdings in shares of AB Ultra Short Income ETF by 59.7% during the fourth quarter. Colonial Trust Advisors now owns 2,675 shares of the company’s stock valued at $135,000 after acquiring an additional 1,000 shares during the period. Rothschild Investment LLC raised its holdings in shares of AB Ultra Short Income ETF by 25.2% during the fourth quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock valued at $251,000 after acquiring an additional 1,000 shares during the period. Centerpoint Advisory Group purchased a new stake in shares of AB Ultra Short Income ETF in the 4th quarter valued at approximately $254,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of AB Ultra Short Income ETF in the 4th quarter valued at approximately $308,000.

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.