AB Ultra Short Income ETF (NYSEARCA:YEAR) Reaches New 1-Year Low – Should You Sell?

AB Ultra Short Income ETF (NYSEARCA:YEAR)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $50.28 and last traded at $50.28, with a volume of 116908 shares traded. The stock had previously closed at $50.34.

AB Ultra Short Income ETF Price Performance

The company has a 50-day moving average price of $50.48 and a two-hundred day moving average price of $50.55.

AB Ultra Short Income ETF Cuts Dividend

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

Institutional Trading of AB Ultra Short Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PMG Wealth Management Inc. raised its holdings in shares of AB Ultra Short Income ETF by 0.4% in the third quarter. PMG Wealth Management Inc. now owns 77,553 shares of the company’s stock valued at $3,919,000 after purchasing an additional 304 shares during the last quarter. Comerica Bank raised its holdings in shares of AB Ultra Short Income ETF by 4.1% in the fourth quarter. Comerica Bank now owns 9,026 shares of the company’s stock valued at $456,000 after purchasing an additional 353 shares during the last quarter. USAdvisors Wealth Management LLC raised its holdings in shares of AB Ultra Short Income ETF by 1.6% in the third quarter. USAdvisors Wealth Management LLC now owns 26,461 shares of the company’s stock valued at $1,340,000 after purchasing an additional 427 shares during the last quarter. Leavell Investment Management Inc. grew its holdings in shares of AB Ultra Short Income ETF by 5.0% in the third quarter. Leavell Investment Management Inc. now owns 9,794 shares of the company’s stock valued at $496,000 after acquiring an additional 464 shares in the last quarter. Finally, Claro Advisors LLC increased its position in shares of AB Ultra Short Income ETF by 12.7% during the third quarter. Claro Advisors LLC now owns 5,415 shares of the company’s stock valued at $274,000 after acquiring an additional 611 shares during the last quarter.

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.