Kensington Asset Management LLC Makes New Investment in AB Ultra Short Income ETF $YEAR

Kensington Asset Management LLC bought a new stake in AB Ultra Short Income ETF (NYSEARCA:YEAR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 100,131 shares of the company’s stock, valued at approximately $5,073,000. AB Ultra Short Income ETF comprises about 0.4% of Kensington Asset Management LLC’s investment portfolio, making the stock its 18th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in YEAR. Alliancebernstein L.P. lifted its position in shares of AB Ultra Short Income ETF by 8.8% during the first quarter. Alliancebernstein L.P. now owns 13,824,125 shares of the company’s stock worth $699,639,000 after purchasing an additional 1,118,093 shares in the last quarter. LPL Financial LLC lifted its position in AB Ultra Short Income ETF by 6.6% in the first quarter. LPL Financial LLC now owns 3,145,456 shares of the company’s stock worth $159,192,000 after purchasing an additional 194,220 shares during the period. BOS Asset Management LLC boosted its position in shares of AB Ultra Short Income ETF by 13.2% during the 1st quarter. BOS Asset Management LLC now owns 875,669 shares of the company’s stock valued at $44,318,000 after purchasing an additional 102,011 shares in the last quarter. Wagner Wealth Management LLC grew its position in AB Ultra Short Income ETF by 9,882.2% in the second quarter. Wagner Wealth Management LLC now owns 793,289 shares of the company’s stock worth $40,188,000 after buying an additional 785,342 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in AB Ultra Short Income ETF by 101.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 400,580 shares of the company’s stock worth $20,293,000 after purchasing an additional 201,618 shares in the last quarter.

AB Ultra Short Income ETF Price Performance

NYSEARCA YEAR opened at $50.60 on Thursday. AB Ultra Short Income ETF has a 52-week low of $50.10 and a 52-week high of $50.82. The company has a 50 day simple moving average of $50.61 and a 200-day simple moving average 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.