AB Ultra Short Income ETF (NYSEARCA:YEAR) Hits New 1-Year Low – Here’s Why

AB Ultra Short Income ETF (NYSEARCA:YEAR)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $50.17 and last traded at $50.19, with a volume of 44410 shares. The stock had previously closed at $50.20.

AB Ultra Short Income ETF Stock Performance

The stock’s 50-day moving average is $50.30 and its two-hundred day moving average is $50.42.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. N.E.W. Advisory Services LLC purchased a new position in AB Ultra Short Income ETF in the fourth quarter worth about $73,000. Wagner Wealth Management LLC bought a new stake in shares of AB Ultra Short Income ETF in the 1st quarter worth about $127,000. Colonial Trust Advisors lifted its stake 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 purchasing an additional 1,000 shares during the last quarter. Rothschild Investment LLC lifted its stake in shares of AB Ultra Short Income ETF by 25.2% during the 4th quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock worth $251,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Sun Financial Inc bought a new position in shares of AB Ultra Short Income ETF in the fourth quarter worth about $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.