Horizon Wealth Management LLC Purchases Shares of 14,960 AB Ultra Short Income ETF $YEAR

Horizon Wealth Management LLC acquired a new stake in AB Ultra Short Income ETF (NYSEARCA:YEAR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 14,960 shares of the company’s stock, valued at approximately $758,000. Horizon Wealth Management LLC owned 0.05% of AB Ultra Short Income ETF at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of YEAR. Envestnet Portfolio Solutions Inc. lifted its stake in AB Ultra Short Income ETF by 2.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,198 shares of the company’s stock valued at $770,000 after purchasing an additional 327 shares during the last quarter. RFG Advisory LLC raised its stake in AB Ultra Short Income ETF by 11.7% in the second quarter. RFG Advisory LLC now owns 9,131 shares of the company’s stock valued at $463,000 after buying an additional 958 shares during the period. D.A. Davidson & CO. lifted its position in shares of AB Ultra Short Income ETF by 5.2% in the second quarter. D.A. Davidson & CO. now owns 178,833 shares of the company’s stock valued at $9,060,000 after buying an additional 8,890 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of AB Ultra Short Income ETF by 101.3% in the second quarter. Envestnet Asset Management Inc. now owns 400,580 shares of the company’s stock valued at $20,293,000 after buying an additional 201,618 shares during the last quarter. Finally, Atlas Private Wealth Advisors bought a new position in shares of AB Ultra Short Income ETF during the 2nd quarter worth approximately $6,369,000.

AB Ultra Short Income ETF Price Performance

YEAR stock opened at $50.59 on Friday. AB Ultra Short Income ETF has a 1-year low of $50.36 and a 1-year high of $50.82. The business’s 50 day simple moving average is $50.55 and its 200 day simple moving average is $50.59.

AB Ultra Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.1709 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.