AB Ultra Short Income ETF (NYSEARCA:YEAR) Hits New 1-Year Low – Time to Sell?

AB Ultra Short Income ETF (NYSEARCA:YEAR) hit a new 52-week low during trading on Wednesday . The stock traded as low as $50.07 and last traded at $50.0760, with a volume of 160912 shares trading hands. The stock had previously closed at $50.08.

AB Ultra Short Income ETF Price Performance

The stock has a 50 day simple moving average of $50.23 and a two-hundred day simple moving average of $50.31.

Hedge Funds Weigh In On AB Ultra Short Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wagner Wealth Management LLC bought a new stake in AB Ultra Short Income ETF during the first quarter worth $127,000. Rothschild Investment LLC grew its position in shares of AB Ultra Short Income ETF by 25.2% in the 4th quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock valued at $251,000 after acquiring an additional 1,000 shares during the period. Fifth Third Bancorp acquired a new position in shares of AB Ultra Short Income ETF during the 1st quarter worth about $468,000. Next Level Private LLC increased its stake in shares of AB Ultra Short Income ETF by 45.5% during the 1st quarter. Next Level Private LLC now owns 10,122 shares of the company’s stock worth $511,000 after purchasing an additional 3,163 shares during the last quarter. Finally, Independent Financial Group LLC bought a new stake in shares of AB Ultra Short Income ETF in the 1st quarter valued at about $588,000.

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. YEAR was launched on Sep 14, 2022 and is managed by AB Funds.