AB Ultra Short Income ETF (NYSEARCA:YEAR) Sees Large Volume Increase – What’s Next?

Shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) saw strong trading volume on Tuesday . 416,034 shares traded hands during trading, an increase of 93% from the previous session’s volume of 215,702 shares.The stock last traded at $50.5250 and had previously closed at $50.51.

AB Ultra Short Income ETF Trading Up 0.0%

The business’s fifty day moving average price is $50.61 and its 200-day moving average price is $50.57.

Institutional Trading of AB Ultra Short Income ETF

Large investors have recently modified their holdings of the business. Wedbush Securities Inc. purchased a new position in AB Ultra Short Income ETF during the 2nd quarter valued at $17,840,000. Alliancebernstein L.P. increased its position in shares of AB Ultra Short Income ETF by 8.8% during the first quarter. Alliancebernstein L.P. now owns 13,824,125 shares of the company’s stock valued at $699,639,000 after buying an additional 1,118,093 shares during the period. BOS Asset Management LLC raised its stake in AB Ultra Short Income ETF by 13.2% in the first quarter. BOS Asset Management LLC now owns 875,669 shares of the company’s stock worth $44,318,000 after buying an additional 102,011 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in AB Ultra Short Income ETF by 2.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,198 shares of the company’s stock worth $770,000 after buying an additional 327 shares during the period. Finally, Wagner Wealth Management LLC grew its holdings in shares of AB Ultra Short Income ETF by 9,882.2% during the 2nd quarter. Wagner Wealth Management LLC now owns 793,289 shares of the company’s stock worth $40,188,000 after acquiring an additional 785,342 shares during the period.

About AB Ultra Short Income ETF

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.