Private Advisor Group LLC Reduces Position in AB Ultra Short Income ETF $YEAR

Private Advisor Group LLC decreased its holdings in shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) by 31.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 281,795 shares of the company’s stock after selling 128,749 shares during the period. Private Advisor Group LLC’s holdings in AB Ultra Short Income ETF were worth $14,280,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Osaic Holdings Inc. boosted its holdings in AB Ultra Short Income ETF by 29.2% during the 2nd quarter. Osaic Holdings Inc. now owns 221,518 shares of the company’s stock valued at $11,225,000 after acquiring an additional 50,047 shares during the period. Quantum Private Wealth LLC grew its position in AB Ultra Short Income ETF by 152.2% in the 3rd quarter. Quantum Private Wealth LLC now owns 38,528 shares of the company’s stock valued at $1,952,000 after acquiring an additional 23,252 shares during the last quarter. Cetera Investment Advisers purchased a new stake in AB Ultra Short Income ETF in the second quarter worth $902,000. Greenwood Capital Associates LLC purchased a new stake in AB Ultra Short Income ETF in the third quarter worth $501,000. Finally, BOS Asset Management LLC lifted its position in shares of AB Ultra Short Income ETF by 8.6% during the third quarter. BOS Asset Management LLC now owns 900,406 shares of the company’s stock worth $45,628,000 after purchasing an additional 71,540 shares during the last quarter.

AB Ultra Short Income ETF Price Performance

Shares of YEAR opened at $50.44 on Wednesday. AB Ultra Short Income ETF has a 12-month low of $50.36 and a 12-month high of $50.82. The firm has a fifty day moving average price of $50.53 and a 200-day moving average price of $50.58.

AB Ultra Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.1653 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.9%.

AB Ultra Short Income ETF Profile

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.