Horizon Wealth Management LLC Purchases Shares of 14,960 AB Ultra Short Income ETF $YEAR

Horizon Wealth Management LLC acquired a new position in shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,960 shares of the company’s stock, valued at approximately $758,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Alliancebernstein L.P. increased its stake in shares of AB Ultra Short Income ETF by 8.6% during the second quarter. Alliancebernstein L.P. now owns 15,007,157 shares of the company’s stock worth $760,263,000 after purchasing an additional 1,183,032 shares during the period. BOS Asset Management LLC grew its holdings in AB Ultra Short Income ETF by 8.6% in the 3rd quarter. BOS Asset Management LLC now owns 900,406 shares of the company’s stock valued at $45,628,000 after buying an additional 71,540 shares in the last quarter. Raymond James Financial Inc. increased its position in AB Ultra Short Income ETF by 9.7% during the 2nd quarter. Raymond James Financial Inc. now owns 506,870 shares of the company’s stock worth $25,678,000 after buying an additional 44,660 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of AB Ultra Short Income ETF by 101.3% during the second quarter. Envestnet Asset Management Inc. now owns 400,580 shares of the company’s stock worth $20,293,000 after buying an additional 201,618 shares in the last quarter. Finally, Wedbush Securities Inc. acquired a new stake in shares of AB Ultra Short Income ETF during the second quarter worth $17,840,000.

AB Ultra Short Income ETF Stock Performance

YEAR stock opened at $50.59 on Friday. AB Ultra Short Income ETF has a 52 week low of $50.36 and a 52 week high of $50.82. The company’s 50-day simple moving average is $50.55 and its 200 day simple moving average is $50.59.

AB Ultra Short Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.1709 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.