AB Ultra Short Income ETF (NYSEARCA:YEAR) Sets New 12-Month Low – What’s Next?

Shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) reached a new 52-week low on Thursday . The company traded as low as $50.36 and last traded at $50.38, with a volume of 255555 shares traded. The stock had previously closed at $50.41.

AB Ultra Short Income ETF Stock Down 0.1%

The business’s 50 day moving average is $50.51 and its 200-day moving average is $50.57.

AB Ultra Short Income ETF Cuts Dividend

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

Hedge Funds Weigh In On AB Ultra Short Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of YEAR. Alliancebernstein L.P. raised its stake in AB Ultra Short Income ETF by 8.6% in the second quarter. Alliancebernstein L.P. now owns 15,007,157 shares of the company’s stock valued at $760,263,000 after buying an additional 1,183,032 shares in the last quarter. BOS Asset Management LLC increased its holdings in shares of AB Ultra Short Income ETF by 8.6% in the 3rd quarter. BOS Asset Management LLC now owns 900,406 shares of the company’s stock valued at $45,628,000 after acquiring an additional 71,540 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of AB Ultra Short Income ETF by 71.6% during the 3rd 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 in the last quarter. Wells Fargo & Company MN lifted its stake 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 purchasing an additional 159,927 shares during the last quarter. Finally, Kensington Asset Management LLC boosted its holdings in AB Ultra Short Income ETF by 3.6% in the fourth quarter. Kensington Asset Management LLC now owns 515,597 shares of the company’s stock valued at $26,136,000 after purchasing an additional 18,111 shares in the last quarter.

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.