AB Ultra Short Income ETF (NYSEARCA:YEAR) Sets New 52-Week Low – What’s Next?

AB Ultra Short Income ETF (NYSEARCA:YEAR)’s share price reached a new 52-week low on Monday . The company traded as low as $50.28 and last traded at $50.29, with a volume of 5195 shares changing hands. The stock had previously closed at $50.31.

AB Ultra Short Income ETF Stock Down 0.1%

The business’s 50 day moving average is $50.43 and its two-hundred day moving average is $50.53.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Quantum Private Wealth LLC grew its position in shares of AB Ultra Short Income ETF by 152.2% during the 3rd quarter. Quantum Private Wealth LLC now owns 38,528 shares of the company’s stock valued at $1,952,000 after purchasing an additional 23,252 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in shares of AB Ultra Short Income ETF by 58.1% during the 4th quarter. Concurrent Investment Advisors LLC now owns 30,024 shares of the company’s stock valued at $1,516,000 after purchasing an additional 11,037 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of AB Ultra Short Income ETF by 11.5% during the 3rd quarter. D.A. Davidson & CO. now owns 199,358 shares of the company’s stock valued at $10,102,000 after purchasing an additional 20,525 shares in the last quarter. Ausdal Financial Partners Inc. grew its position in shares of AB Ultra Short Income ETF by 5.3% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 205,427 shares of the company’s stock valued at $10,410,000 after purchasing an additional 10,249 shares in the last quarter. Finally, Kensington Asset Management LLC grew its position in shares of AB Ultra Short Income ETF by 396.8% during the 3rd quarter. Kensington Asset Management LLC now owns 497,486 shares of the company’s stock valued at $25,210,000 after purchasing an additional 397,355 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.