AB Ultra Short Income ETF (NYSEARCA:YEAR – Get Free Report) crossed above its fifty day moving average during trading on Thursday. The stock has a fifty 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 Trading Up 0.1%
The firm’s fifty day simple moving average is $50.11 and its 200 day simple moving average is $50.30.
Institutional Investors Weigh In On AB Ultra Short Income ETF
Several institutional investors have recently modified their holdings of YEAR. Concurrent Investment Advisors LLC raised its position in shares of AB Ultra Short Income ETF by 101.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 54,582 shares of the company’s stock worth $2,748,000 after acquiring an additional 27,526 shares in the last quarter. D.A. Davidson & CO. lifted its stake 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 worth $14,074,000 after purchasing an additional 38,378 shares during the last quarter. Citadel Advisors LLC purchased a new stake in AB Ultra Short Income ETF during the second quarter worth approximately $2,146,000. Independent Financial Group LLC purchased a new stake in AB Ultra Short Income ETF during the first quarter worth approximately $588,000. Finally, Kensington Asset Management LLC boosted its holdings in 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 valued at $36,332,000 after purchasing an additional 204,197 shares in the last quarter.
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.
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