AB Ultra Short Income ETF (NYSEARCA:YEAR) Sees Strong Trading Volume – Still a Buy?

AB Ultra Short Income ETF (NYSEARCA:YEAR) shares saw unusually-strong trading volume on Tuesday . Approximately 416,034 shares traded hands during mid-day trading, an increase of 93% from the previous session’s volume of 215,702 shares.The stock last traded at $50.5250 and had previously closed at $50.51.

AB Ultra Short Income ETF Trading Up 0.0%

The stock’s 50-day moving average is $50.61 and its 200-day moving average is $50.57.

Institutional Trading of AB Ultra Short Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its stake in shares of AB Ultra Short Income ETF by 8.6% in the 2nd quarter. Alliancebernstein L.P. now owns 15,007,157 shares of the company’s stock valued at $760,263,000 after buying an additional 1,183,032 shares during the period. Wagner Wealth Management LLC boosted its holdings in AB Ultra Short Income ETF by 9,882.2% during the 2nd quarter. Wagner Wealth Management LLC now owns 793,289 shares of the company’s stock worth $40,188,000 after acquiring an additional 785,342 shares during the last quarter. Kensington Asset Management LLC raised its holdings in shares of AB Ultra Short Income ETF by 396.8% in the third quarter. Kensington Asset Management LLC now owns 497,486 shares of the company’s stock valued at $25,210,000 after purchasing an additional 397,355 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of AB Ultra Short Income ETF by 71.6% during the third quarter. Raymond James Financial Inc. now owns 869,953 shares of the company’s stock valued at $44,085,000 after purchasing an additional 363,083 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new position in AB Ultra Short Income ETF during the second quarter worth about $17,840,000.

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.