AB Ultra Short Income ETF (NYSEARCA:YEAR) Reaches New 12-Month Low – Time to Sell?

AB Ultra Short Income ETF (NYSEARCA:YEAR)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $50.21 and last traded at $50.23, with a volume of 157847 shares. The stock had previously closed at $50.25.

AB Ultra Short Income ETF Stock Performance

The firm’s 50-day moving average price is $50.36 and its 200 day moving average price is $50.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of YEAR. N.E.W. Advisory Services LLC bought a new position in AB Ultra Short Income ETF during the 4th quarter worth approximately $73,000. Wagner Wealth Management LLC bought a new position in AB Ultra Short Income ETF during the 1st quarter worth approximately $127,000. Colonial Trust Advisors boosted its stake in AB Ultra Short Income ETF by 59.7% during the 4th quarter. Colonial Trust Advisors now owns 2,675 shares of the company’s stock worth $135,000 after acquiring an additional 1,000 shares during the last quarter. Rothschild Investment LLC boosted its stake in 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 AB Ultra Short Income ETF during the 4th quarter worth approximately $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.