AB Ultra Short Income ETF (NYSEARCA:YEAR – Get Free Report) shares crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $50.11 and traded as high as $50.16. AB Ultra Short Income ETF shares last traded at $50.16, with a volume of 118,636 shares.
AB Ultra Short Income ETF Stock Performance
The company has a fifty day moving average price of $50.10 and a 200-day moving average price of $50.30.
Institutional Investors Weigh In On AB Ultra Short Income ETF
A number of large investors have recently bought and sold shares of YEAR. Kensington Asset Management LLC lifted its position in shares of AB Ultra Short Income ETF by 39.6% in the first quarter. Kensington Asset Management LLC now owns 719,794 shares of the company’s stock worth $36,332,000 after buying an additional 204,197 shares during the last quarter. Bank of America Corp DE lifted its holdings in AB Ultra Short Income ETF by 344.0% in the 1st quarter. Bank of America Corp DE now owns 235,501 shares of the company’s stock worth $11,887,000 after purchasing an additional 182,456 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in AB Ultra Short Income ETF in the 3rd quarter worth approximately $5,432,000. Citadel Advisors LLC acquired a new position in AB Ultra Short Income ETF during the second quarter valued at approximately $2,146,000. Finally, D.A. Davidson & CO. grew its holdings in AB Ultra Short Income ETF by 16.0% during the first quarter. D.A. Davidson & CO. now owns 278,824 shares of the company’s stock valued at $14,074,000 after purchasing an additional 38,378 shares during the last quarter.
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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