AB Ultra Short Income ETF (NYSEARCA:YEAR) Hits New 52-Week Low – Here’s What Happened

AB Ultra Short Income ETF (NYSEARCA:YEAR) shares reached a new 52-week low on Wednesday . The company traded as low as $50.07 and last traded at $50.0760, with a volume of 160912 shares trading hands. The stock had previously closed at $50.08.

AB Ultra Short Income ETF Price Performance

The business’s fifty day simple moving average is $50.24 and its 200 day simple moving average is $50.32.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of YEAR. Kensington Asset Management LLC increased its holdings in 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 during the last quarter. IHT Wealth Management LLC grew its position in shares of AB Ultra Short Income ETF by 2.1% during the fourth quarter. IHT Wealth Management LLC now owns 421,433 shares of the company’s stock worth $21,274,000 after buying an additional 8,714 shares in the last quarter. Private Advisor Group LLC grew its position in shares of AB Ultra Short Income ETF by 2.8% during the first quarter. Private Advisor Group LLC now owns 310,368 shares of the company’s stock worth $15,666,000 after buying an additional 8,340 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of AB Ultra Short Income ETF by 16.0% in the first quarter. D.A. Davidson & CO. now owns 278,824 shares of the company’s stock worth $14,074,000 after buying an additional 38,378 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of AB Ultra Short Income ETF by 344.0% in the first quarter. Bank of America Corp DE now owns 235,501 shares of the company’s stock worth $11,887,000 after buying an additional 182,456 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.