Independent Financial Group LLC Invests $588,000 in AB Ultra Short Income ETF $YEAR

Independent Financial Group LLC purchased a new position in shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,653 shares of the company’s stock, valued at approximately $588,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. increased its stake in AB Ultra Short Income ETF by 71.6% in the 3rd quarter. Raymond James Financial Inc. now owns 869,953 shares of the company’s stock valued at $44,085,000 after buying an additional 363,083 shares during the period. Wells Fargo & Company MN lifted its position in AB Ultra Short Income ETF by 27.3% in the fourth quarter. Wells Fargo & Company MN now owns 746,404 shares of the company’s stock valued at $37,678,000 after purchasing an additional 159,927 shares during the period. Kensington Asset Management LLC boosted its holdings in AB Ultra Short Income ETF by 3.6% in the 4th 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. IHT Wealth Management LLC boosted its holdings in AB Ultra Short Income ETF by 2.1% in the 4th quarter. IHT Wealth Management LLC now owns 421,433 shares of the company’s stock valued at $21,274,000 after purchasing an additional 8,714 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in AB Ultra Short Income ETF by 2.8% in the 1st quarter. Private Advisor Group LLC now owns 310,368 shares of the company’s stock valued at $15,666,000 after purchasing an additional 8,340 shares in the last quarter.

AB Ultra Short Income ETF Trading Down 0.0%

NYSEARCA YEAR opened at $50.24 on Thursday. The business’s 50 day moving average is $50.28 and its two-hundred day moving average is $50.40. AB Ultra Short Income ETF has a 12-month low of $50.17 and a 12-month high of $50.78.

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.