AB Ultra Short Income ETF (NYSEARCA:YEAR – Get Free Report)’s stock price hit a new 52-week low during trading on Thursday. The company traded as low as $49.94 and last traded at $49.9450, with a volume of 5483 shares trading hands. The stock had previously closed at $50.08.
AB Ultra Short Income ETF Price Performance
The stock has a fifty day moving average price of $50.20 and a two-hundred day moving average price of $50.28.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Legacy Wealth Advisors LLC boosted its stake in shares of AB Ultra Short Income ETF by 1.0% during the 1st quarter. Legacy Wealth Advisors LLC now owns 77,283 shares of the company’s stock worth $3,901,000 after purchasing an additional 760 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of AB Ultra Short Income ETF by 2.5% during the first quarter. Sanctuary Advisors LLC now owns 47,691 shares of the company’s stock valued at $2,407,000 after buying an additional 1,183 shares during the period. Wagner Wealth Management LLC purchased a new position in shares of AB Ultra Short Income ETF during the first quarter valued at approximately $127,000. Next Level Private LLC boosted its position in AB Ultra Short Income ETF by 45.5% during the first quarter. Next Level Private LLC now owns 10,122 shares of the company’s stock worth $511,000 after acquiring an additional 3,163 shares during the last quarter. Finally, Cooper Financial Group boosted its position in AB Ultra Short Income ETF by 11.4% during the second quarter. Cooper Financial Group now owns 72,257 shares of the company’s stock worth $3,637,000 after acquiring an additional 7,405 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.
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