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

Kensington Asset Management LLC raised its position in AB Ultra Short Income ETF (NYSEARCA:YEAR) by 39.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 719,794 shares of the company’s stock after purchasing an additional 204,197 shares during the quarter. AB Ultra Short Income ETF accounts for about 1.7% of Kensington Asset Management LLC’s holdings, making the stock its 17th biggest holding. Kensington Asset Management LLC owned about 2.48% of AB Ultra Short Income ETF worth $36,332,000 at the end of the most recent reporting period.

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

AB Ultra Short Income ETF Trading Down 0.0%

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

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.