AB Ultra Short Income ETF (NYSEARCA:YEAR) Sets New 12-Month Low – What’s Next?

AB Ultra Short Income ETF (NYSEARCA:YEAR)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $50.36 and last traded at $50.38, with a volume of 255555 shares trading hands. The stock had previously closed at $50.41.

AB Ultra Short Income ETF Trading Down 0.1%

The firm’s 50-day moving average price is $50.51 and its two-hundred day moving average price is $50.57.

AB Ultra Short Income ETF Cuts Dividend

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

Hedge Funds Weigh In On AB Ultra Short Income ETF

Several large investors have recently bought and sold shares of the stock. PMG Wealth Management Inc. increased its position in shares of AB Ultra Short Income ETF by 0.4% during the third quarter. PMG Wealth Management Inc. now owns 77,553 shares of the company’s stock worth $3,919,000 after purchasing an additional 304 shares in the last quarter. Comerica Bank boosted its position in shares of AB Ultra Short Income ETF by 4.1% in the 4th quarter. Comerica Bank now owns 9,026 shares of the company’s stock valued at $456,000 after purchasing an additional 353 shares during the period. USAdvisors Wealth Management LLC grew its stake in AB Ultra Short Income ETF by 1.6% during the 3rd quarter. USAdvisors Wealth Management LLC now owns 26,461 shares of the company’s stock worth $1,340,000 after buying an additional 427 shares during the last quarter. Leavell Investment Management Inc. grew its stake in AB Ultra Short Income ETF by 5.0% during the 3rd quarter. Leavell Investment Management Inc. now owns 9,794 shares of the company’s stock worth $496,000 after buying an additional 464 shares during the last quarter. Finally, Claro Advisors LLC increased its position in AB Ultra Short Income ETF by 12.7% during the third quarter. Claro Advisors LLC now owns 5,415 shares of the company’s stock worth $274,000 after buying an additional 611 shares during the period.

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.