AB Ultra Short Income ETF (NYSEARCA:YEAR) Reaches New 1-Year Low – Here’s Why

AB Ultra Short Income ETF (NYSEARCA:YEAR) reached a new 52-week low on Monday . The stock traded as low as $50.17 and last traded at $50.18, with a volume of 15023 shares traded. The stock had previously closed at $50.31.

AB Ultra Short Income ETF Stock Performance

The company has a 50 day moving average price of $50.27 and a 200-day moving average price of $50.38.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. N.E.W. Advisory Services LLC purchased a new position in shares of AB Ultra Short Income ETF during the fourth quarter valued at about $73,000. Wagner Wealth Management LLC bought a new stake in AB Ultra Short Income ETF during the 1st quarter valued at approximately $127,000. Colonial Trust Advisors boosted its position in AB Ultra Short Income ETF by 59.7% during the 4th quarter. Colonial Trust Advisors now owns 2,675 shares of the company’s stock valued at $135,000 after acquiring an additional 1,000 shares in the last quarter. Rothschild Investment LLC grew its holdings in shares of AB Ultra Short Income ETF by 25.2% during the 4th 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 period. Finally, Sun Financial Inc purchased a new position in shares of AB Ultra Short Income ETF during the 4th quarter worth approximately $254,000.

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.