AB Ultra Short Income ETF (NYSEARCA:YEAR) Reaches New 52-Week Low – Should You Sell?

AB Ultra Short Income ETF (NYSEARCA:YEAR) reached a new 52-week low on Thursday . The company traded as low as $50.11 and last traded at $50.12, with a volume of 22487 shares changing hands. The stock had previously closed at $50.17.

AB Ultra Short Income ETF Stock Down 0.1%

The firm has a 50 day moving average price of $50.24 and a two-hundred day moving average price of $50.32.

Institutional Trading of AB Ultra Short Income ETF

Large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. lifted its holdings in shares of AB Ultra Short Income ETF by 71.6% during the third quarter. Raymond James Financial Inc. now owns 869,953 shares of the company’s stock valued at $44,085,000 after acquiring an additional 363,083 shares during the period. Wells Fargo & Company MN grew its holdings in shares of AB Ultra Short Income ETF by 27.3% in the 4th quarter. Wells Fargo & Company MN now owns 746,404 shares of the company’s stock worth $37,678,000 after purchasing an additional 159,927 shares during the last quarter. Kensington Asset Management LLC increased its position in shares of AB Ultra Short Income ETF by 39.6% during the 1st quarter. Kensington Asset Management LLC now owns 719,794 shares of the company’s stock worth $36,332,000 after purchasing an additional 204,197 shares in the last quarter. IHT Wealth Management LLC increased its position in shares of AB Ultra Short Income ETF by 2.1% during the 4th quarter. IHT Wealth Management LLC now owns 421,433 shares of the company’s stock worth $21,274,000 after purchasing an additional 8,714 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in AB Ultra Short Income ETF by 2.8% during the 1st quarter. Private Advisor Group LLC now owns 310,368 shares of the company’s stock valued at $15,666,000 after purchasing an additional 8,340 shares during the last quarter.

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.