PMG Wealth Management Inc. Buys 11,286 Shares of AB Ultra Short Income ETF $YEAR

PMG Wealth Management Inc. grew its stake in AB Ultra Short Income ETF (NYSEARCA:YEAR) by 13.7% during the first quarter, HoldingsChannel reports. The fund owned 93,710 shares of the company’s stock after acquiring an additional 11,286 shares during the quarter. AB Ultra Short Income ETF comprises about 3.4% of PMG Wealth Management Inc.’s holdings, making the stock its 13th largest position. PMG Wealth Management Inc.’s holdings in AB Ultra Short Income ETF were worth $4,715,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in YEAR. Comerica Bank raised its holdings in AB Ultra Short Income ETF by 4.1% in the fourth quarter. Comerica Bank now owns 9,026 shares of the company’s stock worth $456,000 after purchasing an additional 353 shares in the last quarter. USAdvisors Wealth Management LLC boosted its holdings in shares of AB Ultra Short Income ETF by 1.6% in the 3rd quarter. USAdvisors Wealth Management LLC now owns 26,461 shares of the company’s stock valued at $1,340,000 after buying an additional 427 shares in the last quarter. Claro Advisors LLC grew its position in shares of AB Ultra Short Income ETF by 12.7% in the 3rd quarter. Claro Advisors LLC now owns 5,415 shares of the company’s stock worth $274,000 after buying an additional 611 shares during the last quarter. Encompass Wealth Advisors LLC grew its position in shares of AB Ultra Short Income ETF by 4.8% in the 4th quarter. Encompass Wealth Advisors LLC now owns 13,596 shares of the company’s stock worth $686,000 after buying an additional 623 shares during the last quarter. Finally, Laraway Financial Advisors Inc raised its stake in shares of AB Ultra Short Income ETF by 9.4% during the 3rd quarter. Laraway Financial Advisors Inc now owns 8,317 shares of the company’s stock worth $421,000 after acquiring an additional 715 shares in the last quarter.

AB Ultra Short Income ETF Trading Up 0.1%

NYSEARCA YEAR opened at $50.29 on Wednesday. AB Ultra Short Income ETF has a 52 week low of $50.21 and a 52 week high of $50.82. The company has a 50 day moving average price of $50.34 and a 200 day moving average price of $50.45.

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.