Kensington Asset Management LLC Buys 204,197 Shares of AB Ultra Short Income ETF $YEAR

Kensington Asset Management LLC raised its stake in shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) by 39.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 719,794 shares of the company’s stock after purchasing an additional 204,197 shares during the period. AB Ultra Short Income ETF accounts for approximately 1.7% of Kensington Asset Management LLC’s investment portfolio, making the stock its 17th biggest position. Kensington Asset Management LLC’s holdings in AB Ultra Short Income ETF were worth $36,332,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new stake in shares of AB Ultra Short Income ETF in the 4th quarter valued at about $73,000. Wagner Wealth Management LLC acquired a new stake in shares of AB Ultra Short Income ETF in the first quarter valued at about $127,000. Colonial Trust Advisors raised its position in shares of AB Ultra Short Income ETF by 59.7% during the fourth quarter. Colonial Trust Advisors now owns 2,675 shares of the company’s stock worth $135,000 after acquiring an additional 1,000 shares during the last quarter. Rothschild Investment LLC raised its position in shares of AB Ultra Short Income ETF by 25.2% during the fourth quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock worth $251,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Sun Financial Inc acquired a new position in shares of AB Ultra Short Income ETF in the fourth quarter worth approximately $254,000.

AB Ultra Short Income ETF Stock Down 0.0%

AB Ultra Short Income ETF stock opened at $50.31 on Friday. The stock’s 50 day moving average is $50.27 and its 200 day moving average is $50.39. AB Ultra Short Income ETF has a one year low of $50.17 and a one year high of $50.78.

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.