Ausdal Financial Partners Inc. Grows Stake in AB Ultra Short Income ETF $YEAR

Ausdal Financial Partners Inc. grew its stake in shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) by 5.3% during the third quarter, HoldingsChannel reports. The firm owned 205,427 shares of the company’s stock after buying an additional 10,249 shares during the period. Ausdal Financial Partners Inc.’s holdings in AB Ultra Short Income ETF were worth $10,410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Alliancebernstein L.P. grew its stake in shares of AB Ultra Short Income ETF by 8.6% in the second 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 in the last quarter. Kensington Asset Management LLC lifted its position in AB Ultra Short Income ETF by 396.8% during the 3rd quarter. Kensington Asset Management LLC now owns 497,486 shares of the company’s stock worth $25,210,000 after acquiring an additional 397,355 shares in the last quarter. Raymond James Financial Inc. lifted its position in AB Ultra Short Income ETF by 71.6% during the 3rd quarter. Raymond James Financial Inc. now owns 869,953 shares of the company’s stock worth $44,085,000 after acquiring an additional 363,083 shares in the last quarter. BOS Asset Management LLC boosted 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 worth $45,628,000 after acquiring an additional 71,540 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in AB Ultra Short Income ETF by 29.2% in the 2nd quarter. Osaic Holdings Inc. now owns 221,518 shares of the company’s stock worth $11,225,000 after acquiring an additional 50,047 shares during the period.

AB Ultra Short Income ETF Stock Up 0.0%

Shares of NYSEARCA:YEAR opened at $50.42 on Friday. The company has a 50 day moving average of $50.52 and a two-hundred day moving average of $50.58. AB Ultra Short Income ETF has a 52-week low of $50.36 and a 52-week high of $50.82.

AB Ultra Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.1653 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd.

AB Ultra Short Income ETF 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.