Belpointe Asset Management LLC Invests $307,000 in AB Ultra Short Income ETF $YEAR

Belpointe Asset Management LLC bought a new position in shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,068 shares of the company’s stock, valued at approximately $307,000.

A number of other large investors have also modified their holdings of YEAR. Alliancebernstein L.P. grew its holdings in shares of AB Ultra Short Income ETF by 8.8% during the first quarter. Alliancebernstein L.P. now owns 13,824,125 shares of the company’s stock worth $699,639,000 after buying an additional 1,118,093 shares in the last quarter. LPL Financial LLC grew its holdings in shares of AB Ultra Short Income ETF by 6.6% during the first quarter. LPL Financial LLC now owns 3,145,456 shares of the company’s stock worth $159,192,000 after buying an additional 194,220 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of AB Ultra Short Income ETF by 46.5% in the first quarter. Private Advisor Group LLC now owns 328,279 shares of the company’s stock valued at $16,614,000 after purchasing an additional 104,164 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of AB Ultra Short Income ETF by 946.0% in the first quarter. Integrated Wealth Concepts LLC now owns 60,042 shares of the company’s stock valued at $3,039,000 after purchasing an additional 54,302 shares during the period. Finally, WPG Advisers LLC purchased a new stake in shares of AB Ultra Short Income ETF in the first quarter valued at about $1,768,000.

AB Ultra Short Income ETF Price Performance

Shares of YEAR opened at $50.61 on Monday. AB Ultra Short Income ETF has a 12-month low of $50.10 and a 12-month high of $50.92. The firm has a 50-day moving average price of $50.57 and a 200 day moving average price of $50.54.

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.