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

AB Ultra Short Income ETF (NYSEARCA:YEAR) hit a new 52-week low on Wednesday . The company traded as low as $50.17 and last traded at $50.19, with a volume of 44410 shares trading hands. The stock had previously closed at $50.20.

AB Ultra Short Income ETF Trading Down 0.0%

The company has a 50 day moving average of $50.31 and a 200-day moving average of $50.43.

Institutional Trading of AB Ultra Short Income ETF

Hedge funds have recently made changes to their positions in the business. N.E.W. Advisory Services LLC purchased a new position in shares of AB Ultra Short Income ETF in the fourth quarter valued at approximately $73,000. Wagner Wealth Management LLC acquired a new stake in AB Ultra Short Income ETF during the 1st quarter worth approximately $127,000. Colonial Trust Advisors lifted its holdings 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 worth $135,000 after buying an additional 1,000 shares in the last quarter. Rothschild Investment LLC boosted its position in AB Ultra Short Income ETF by 25.2% in the 4th quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock valued at $251,000 after buying an additional 1,000 shares during the period. Finally, Sun Financial Inc purchased a new position in AB Ultra Short Income ETF in the 4th quarter valued at 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.