Envestnet Asset Management Inc. Sells 193,970 Shares of AB Ultra Short Income ETF $YEAR

Envestnet Asset Management Inc. lowered its stake in AB Ultra Short Income ETF (NYSEARCA:YEAR) by 48.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 206,610 shares of the company’s stock after selling 193,970 shares during the period. Envestnet Asset Management Inc. owned 0.71% of AB Ultra Short Income ETF worth $10,470,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. PMG Wealth Management Inc. boosted its position in AB Ultra Short Income ETF by 0.4% in the 3rd quarter. PMG Wealth Management Inc. now owns 77,553 shares of the company’s stock valued at $3,919,000 after buying an additional 304 shares during the last quarter. Leavell Investment Management Inc. lifted its stake in shares of AB Ultra Short Income ETF by 5.0% during 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 during the period. Cozad Asset Management Inc. boosted its holdings in AB Ultra Short Income ETF by 4.4% in the second quarter. Cozad Asset Management Inc. now owns 17,318 shares of the company’s stock valued at $877,000 after acquiring an additional 726 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in AB Ultra Short Income ETF by 5.5% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 16,028 shares of the company’s stock worth $812,000 after purchasing an additional 830 shares during the period. Finally, TME Financial Inc. raised its holdings in AB Ultra Short Income ETF by 9.5% during the 2nd quarter. TME Financial Inc. now owns 18,158 shares of the company’s stock worth $920,000 after purchasing an additional 1,569 shares during the last quarter.

AB Ultra Short Income ETF Stock Performance

AB Ultra Short Income ETF stock opened at $50.56 on Thursday. AB Ultra Short Income ETF has a 1 year low of $50.36 and a 1 year high of $50.82. The company’s 50-day moving average is $50.56 and its two-hundred day moving average is $50.59.

AB Ultra Short Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.1709 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, February 2nd.

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.