AB Ultra Short Income ETF (NYSEARCA:YEAR) Sets New 52-Week Low – What’s Next?

AB Ultra Short Income ETF (NYSEARCA:YEAR) shares reached a new 52-week low during trading on Monday . The company traded as low as $50.28 and last traded at $50.29, with a volume of 5195 shares changing hands. The stock had previously closed at $50.31.

AB Ultra Short Income ETF Trading Down 0.1%

The business’s 50-day moving average price is $50.43 and its 200 day moving average price is $50.53.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. N.E.W. Advisory Services LLC purchased a new position in AB Ultra Short Income ETF in the fourth quarter worth $73,000. Wagner Wealth Management LLC purchased a new position in AB Ultra Short Income ETF in the first quarter worth $127,000. Colonial Trust Advisors grew its position in AB Ultra Short Income ETF by 59.7% in the fourth quarter. Colonial Trust Advisors now owns 2,675 shares of the company’s stock worth $135,000 after acquiring an additional 1,000 shares in the last quarter. Rothschild Investment LLC grew its position in AB Ultra Short Income ETF by 25.2% in the fourth quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock worth $251,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Sun Financial Inc purchased a new position in AB Ultra Short Income ETF in the fourth quarter worth $254,000.

About AB Ultra Short Income ETF

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.