AB Ultra Short Income ETF (NYSEARCA:YEAR) Hits New 52-Week Low – Time to Sell?

AB Ultra Short Income ETF (NYSEARCA:YEARGet Free Report)’s stock price reached a new 52-week low on Friday . The company traded as low as $50.36 and last traded at $50.38, with a volume of 40971 shares traded. The stock had previously closed at $50.40.

AB Ultra Short Income ETF Trading Down 0.1%

The company’s 50 day moving average price is $50.52 and its 200-day moving average price is $50.57.

AB Ultra Short Income ETF Cuts Dividend

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

Institutional Investors Weigh In On AB Ultra Short Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new position in shares of AB Ultra Short Income ETF in the 4th quarter worth about $73,000. Colonial Trust Advisors purchased a new stake in shares of AB Ultra Short Income ETF during the 2nd quarter worth about $85,000. Rothschild Investment LLC increased its position in AB Ultra Short Income ETF by 256.0% during the 2nd quarter. Rothschild Investment LLC now owns 4,450 shares of the company’s stock worth $225,000 after purchasing an additional 3,200 shares in the last quarter. Sun Financial Inc purchased a new position in AB Ultra Short Income ETF in the fourth quarter valued at approximately $254,000. Finally, Centerpoint Advisory Group purchased a new position in AB Ultra Short Income ETF in the fourth quarter valued at approximately $254,000.

AB Ultra Short Income ETF Company Profile

(Get Free Report)

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.

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