AB Ultra Short Income ETF (NYSEARCA:YEAR) Sets New 12-Month Low – Here’s What Happened

AB Ultra Short Income ETF (NYSEARCA:YEAR) hit a new 52-week low during trading on Friday . The company traded as low as $50.36 and last traded at $50.38, with a volume of 40971 shares trading hands. The stock had previously closed at $50.40.

AB Ultra Short Income ETF Trading Down 0.0%

The company’s fifty day simple moving average is $50.51 and its two-hundred day simple moving average is $50.57.

AB Ultra Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.1653 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Trading of AB Ultra Short Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IHT Wealth Management LLC raised its holdings in AB Ultra Short Income ETF by 2.1% in the fourth quarter. IHT Wealth Management LLC now owns 421,433 shares of the company’s stock valued at $21,274,000 after acquiring an additional 8,714 shares in the last quarter. Claro Advisors Inc. grew its holdings in AB Ultra Short Income ETF by 64.4% during the 4th quarter. Claro Advisors Inc. now owns 8,903 shares of the company’s stock worth $449,000 after acquiring an additional 3,488 shares in the last quarter. Cetera Investment Advisers grew its holdings in AB Ultra Short Income ETF by 138.5% during the 4th quarter. Cetera Investment Advisers now owns 40,284 shares of the company’s stock worth $2,034,000 after acquiring an additional 23,396 shares in the last quarter. Equitable Holdings Inc. increased its position in shares of AB Ultra Short Income ETF by 13.0% in the 4th quarter. Equitable Holdings Inc. now owns 20,289 shares of the company’s stock worth $1,024,000 after purchasing an additional 2,338 shares during the last quarter. Finally, Legacy Wealth Advisors LLC bought a new stake in shares of AB Ultra Short Income ETF in the 4th quarter worth about $3,863,000.

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.