PMG Wealth Management Inc. Has $3.90 Million Stake in AB Ultra Short Income ETF $YEAR

PMG Wealth Management Inc. raised its position in shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) by 10.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 77,249 shares of the company’s stock after acquiring an additional 7,404 shares during the period. AB Ultra Short Income ETF comprises about 3.2% of PMG Wealth Management Inc.’s investment portfolio, making the stock its 12th largest holding. PMG Wealth Management Inc.’s holdings in AB Ultra Short Income ETF were worth $3,899,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of YEAR. Ameriprise Financial Inc. acquired a new stake in shares of AB Ultra Short Income ETF during the fourth quarter worth approximately $287,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of AB Ultra Short Income ETF by 408.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 32,240 shares of the company’s stock worth $1,623,000 after buying an additional 25,900 shares in the last quarter. Rothschild Investment LLC increased its holdings in shares of AB Ultra Short Income ETF by 66.7% during the first quarter. Rothschild Investment LLC now owns 1,250 shares of the company’s stock worth $63,000 after buying an additional 500 shares in the last quarter. RFG Advisory LLC increased its holdings in shares of AB Ultra Short Income ETF by 17.5% during the first quarter. RFG Advisory LLC now owns 8,173 shares of the company’s stock worth $414,000 after buying an additional 1,218 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of AB Ultra Short Income ETF by 39.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 25,280 shares of the company’s stock valued at $1,279,000 after purchasing an additional 7,194 shares in the last quarter.

AB Ultra Short Income ETF Price Performance

Shares of AB Ultra Short Income ETF stock opened at $50.65 on Friday. The firm has a 50 day simple moving average of $50.60 and a 200 day simple moving average of $50.54. AB Ultra Short Income ETF has a fifty-two week low of $50.10 and a fifty-two week high of $50.91.

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.