Kensington Asset Management LLC Raises Stock Position in AB Ultra Short Income ETF $YEAR

Kensington Asset Management LLC raised its stake in shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) by 3.6% during the fourth quarter, Holdings Channel reports. The firm owned 515,597 shares of the company’s stock after buying an additional 18,111 shares during the quarter. AB Ultra Short Income ETF makes up approximately 1.4% of Kensington Asset Management LLC’s portfolio, making the stock its 18th biggest position. Kensington Asset Management LLC’s holdings in AB Ultra Short Income ETF were worth $26,136,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in YEAR. Raymond James Financial Inc. increased its position in AB Ultra Short Income ETF by 9.7% during the 2nd quarter. Raymond James Financial Inc. now owns 506,870 shares of the company’s stock valued at $25,678,000 after purchasing an additional 44,660 shares during the period. Ausdal Financial Partners Inc. grew its position in shares of AB Ultra Short Income ETF by 7.7% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 195,178 shares of the company’s stock worth $9,888,000 after buying an additional 13,986 shares during the period. Horizon Wealth Management LLC purchased a new stake in shares of AB Ultra Short Income ETF in the 3rd quarter worth about $758,000. Alteri Wealth LLC grew its position in shares of AB Ultra Short Income ETF by 20.3% in the 3rd quarter. Alteri Wealth LLC now owns 23,902 shares of the company’s stock worth $1,211,000 after buying an additional 4,028 shares during the period. Finally, Quantum Private Wealth LLC grew its position in shares of 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 worth $1,952,000 after buying an additional 23,252 shares during the period.

AB Ultra Short Income ETF Stock Down 0.0%

NYSEARCA:YEAR opened at $50.28 on Friday. The firm’s 50-day moving average price is $50.35 and its 200-day moving average price is $50.47. AB Ultra Short Income ETF has a 1-year low of $50.21 and a 1-year high of $50.82.

AB Ultra Short Income ETF Company 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.