AB Ultra Short Income ETF (NYSEARCA:YEAR) Hits New 52-Week Low – Time to Sell?

AB Ultra Short Income ETF (NYSEARCA:YEAR)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $50.36 and last traded at $50.38, with a volume of 40971 shares trading hands. The stock had previously closed at $50.40.

AB Ultra Short Income ETF Trading Down 0.1%

The firm has a 50-day simple moving average of $50.52 and a two-hundred day simple moving average of $50.57.

AB Ultra Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.1653 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, March 2nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YEAR. Alliancebernstein L.P. grew its holdings in shares of AB Ultra Short Income ETF by 8.6% during the second quarter. Alliancebernstein L.P. now owns 15,007,157 shares of the company’s stock worth $760,263,000 after buying an additional 1,183,032 shares in the last quarter. BOS Asset Management LLC lifted its stake in shares of AB Ultra Short Income ETF by 8.6% during the third quarter. BOS Asset Management LLC now owns 900,406 shares of the company’s stock valued at $45,628,000 after buying an additional 71,540 shares during the period. Raymond James Financial Inc. boosted its position in AB Ultra Short Income ETF by 71.6% during the third quarter. Raymond James Financial Inc. now owns 869,953 shares of the company’s stock worth $44,085,000 after acquiring an additional 363,083 shares during the last quarter. Wells Fargo & Company MN boosted its position in AB Ultra Short Income ETF by 27.3% during the fourth quarter. Wells Fargo & Company MN now owns 746,404 shares of the company’s stock worth $37,678,000 after acquiring an additional 159,927 shares during the last quarter. Finally, Kensington Asset Management LLC grew its stake in AB Ultra Short Income ETF by 3.6% in the 4th quarter. Kensington Asset Management LLC now owns 515,597 shares of the company’s stock worth $26,136,000 after acquiring an additional 18,111 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.