Leavell Investment Management Inc. Cuts Position in AB Ultra Short Income ETF $YEAR

Leavell Investment Management Inc. lessened its holdings in AB Ultra Short Income ETF (NYSEARCA:YEAR) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,330 shares of the company’s stock after selling 350 shares during the period. Leavell Investment Management Inc.’s holdings in AB Ultra Short Income ETF were worth $473,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of YEAR. S.A. Mason LLC purchased a new position in shares of AB Ultra Short Income ETF in the 2nd quarter valued at about $119,000. MMA Asset Management LLC purchased a new position in shares of AB Ultra Short Income ETF in the 1st quarter valued at about $264,000. Belpointe Asset Management LLC purchased a new position in shares of AB Ultra Short Income ETF in the 1st quarter valued at about $307,000. Laraway Financial Advisors Inc increased its stake in shares of AB Ultra Short Income ETF by 19.8% in the 1st quarter. Laraway Financial Advisors Inc now owns 8,631 shares of the company’s stock valued at $437,000 after purchasing an additional 1,425 shares in the last quarter. Finally, RFG Advisory LLC increased its stake in shares of AB Ultra Short Income ETF by 11.7% in the 2nd quarter. RFG Advisory LLC now owns 9,131 shares of the company’s stock valued at $463,000 after purchasing an additional 958 shares in the last quarter.

AB Ultra Short Income ETF Stock Performance

Shares of AB Ultra Short Income ETF stock opened at $50.69 on Tuesday. AB Ultra Short Income ETF has a twelve month low of $50.10 and a twelve month high of $50.82. The business has a 50-day moving average price of $50.63 and a 200 day moving average price of $50.56.

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.