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

AB Ultra Short Income ETF (NYSEARCA:YEAR) reached a new 52-week low on Thursday. The stock traded as low as $49.94 and last traded at $49.9450, with a volume of 5483 shares traded. The stock had previously closed at $50.08.

AB Ultra Short Income ETF Stock Down 0.2%

The business has a 50 day simple moving average of $50.20 and a 200-day simple moving average of $50.28.

Institutional Investors Weigh In On AB Ultra Short Income ETF

Several hedge funds have recently modified their holdings of the stock. Kensington Asset Management LLC increased its position in AB Ultra Short Income ETF by 39.6% during the first quarter. Kensington Asset Management LLC now owns 719,794 shares of the company’s stock worth $36,332,000 after purchasing an additional 204,197 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in shares of AB Ultra Short Income ETF by 2.1% in the 4th quarter. IHT Wealth Management LLC now owns 421,433 shares of the company’s stock valued at $21,274,000 after purchasing an additional 8,714 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of AB Ultra Short Income ETF by 2.8% in the 1st quarter. Private Advisor Group LLC now owns 310,368 shares of the company’s stock valued at $15,666,000 after purchasing an additional 8,340 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of AB Ultra Short Income ETF by 16.0% during the 1st quarter. D.A. Davidson & CO. now owns 278,824 shares of the company’s stock valued at $14,074,000 after buying an additional 38,378 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of AB Ultra Short Income ETF by 344.0% during the 1st quarter. Bank of America Corp DE now owns 235,501 shares of the company’s stock valued at $11,887,000 after buying an additional 182,456 shares during the period.

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.