AB Ultra Short Income ETF (NYSEARCA:YEAR – Get Free Report)’s stock price hit a new 52-week low during trading on Wednesday. The stock traded as low as $50.06 and last traded at $50.06, with a volume of 21048 shares trading hands. The stock had previously closed at $50.10.
AB Ultra Short Income ETF Stock Performance
The stock’s fifty day moving average price is $50.21 and its two-hundred day moving average price is $50.29.
Institutional Investors Weigh In On AB Ultra Short Income ETF
Large investors have recently made changes to their positions in the business. Kensington Asset Management LLC increased its stake in shares of AB Ultra Short Income ETF by 39.6% in the 1st quarter. Kensington Asset Management LLC now owns 719,794 shares of the company’s stock worth $36,332,000 after acquiring an additional 204,197 shares in the last quarter. Bank of America Corp DE boosted its stake in AB Ultra Short Income ETF by 344.0% during the first quarter. Bank of America Corp DE now owns 235,501 shares of the company’s stock worth $11,887,000 after acquiring an additional 182,456 shares in the last quarter. Citadel Advisors LLC bought a new stake in AB Ultra Short Income ETF during the second quarter worth about $2,146,000. D.A. Davidson & CO. grew its holdings in 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 purchasing an additional 38,378 shares during the period. Finally, Concurrent Investment Advisors LLC grew its holdings in AB Ultra Short Income ETF by 101.7% in the second quarter. Concurrent Investment Advisors LLC now owns 54,582 shares of the company’s stock worth $2,748,000 after purchasing an additional 27,526 shares during the period.
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.
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