PMG Wealth Management Inc. Grows Stake in AB Ultra Short Income ETF $YEAR

PMG Wealth Management Inc. raised its position in shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) by 13.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,710 shares of the company’s stock after purchasing an additional 11,286 shares during the period. AB Ultra Short Income ETF comprises 3.4% of PMG Wealth Management Inc.’s portfolio, making the stock its 13th biggest position. PMG Wealth Management Inc. owned 0.32% of AB Ultra Short Income ETF worth $4,715,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Welch Financial Planning LLC purchased a new position in shares of AB Ultra Short Income ETF during the fourth quarter valued at $1,307,000. Truist Financial Corp lifted its stake in AB Ultra Short Income ETF by 15.1% in the fourth quarter. Truist Financial Corp now owns 250,926 shares of the company’s stock worth $12,667,000 after acquiring an additional 32,990 shares during the period. Concurrent Investment Advisors LLC lifted its stake in AB Ultra Short Income ETF by 58.1% in the fourth quarter. Concurrent Investment Advisors LLC now owns 30,024 shares of the company’s stock worth $1,516,000 after acquiring an additional 11,037 shares during the period. Global Retirement Partners LLC bought a new position in AB Ultra Short Income ETF during the 4th quarter worth about $3,067,000. Finally, Ausdal Financial Partners Inc. grew its holdings in AB Ultra Short Income ETF by 5.3% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 205,427 shares of the company’s stock worth $10,410,000 after acquiring an additional 10,249 shares in the last quarter.

AB Ultra Short Income ETF Price Performance

NYSEARCA YEAR opened at $50.29 on Wednesday. AB Ultra Short Income ETF has a one year low of $50.21 and a one year high of $50.82. The company’s 50-day simple moving average is $50.34 and its two-hundred day simple moving average is $50.45.

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.