AB Ultra Short Income ETF (NYSEARCA:YEAR) Sets New 1-Year Low – Time to Sell?

AB Ultra Short Income ETF (NYSEARCA:YEAR)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $50.17 and last traded at $50.19, with a volume of 44410 shares. The stock had previously closed at $50.20.

AB Ultra Short Income ETF Price Performance

The company’s 50 day moving average price is $50.31 and its two-hundred day moving average price is $50.43.

Hedge Funds Weigh In On AB Ultra Short Income ETF

A number of institutional investors have recently added to or reduced their stakes in YEAR. N.E.W. Advisory Services LLC purchased a new stake in AB Ultra Short Income ETF in the 4th quarter valued at $73,000. Wagner Wealth Management LLC acquired a new position in shares of AB Ultra Short Income ETF during the 1st quarter valued at about $127,000. Colonial Trust Advisors boosted its position in shares of AB Ultra Short Income ETF by 59.7% during the 4th quarter. Colonial Trust Advisors now owns 2,675 shares of the company’s stock valued at $135,000 after acquiring an additional 1,000 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of AB Ultra Short Income ETF by 25.2% in the fourth quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock valued at $251,000 after purchasing an additional 1,000 shares during the period. Finally, Sun Financial Inc acquired a new stake in AB Ultra Short Income ETF during the fourth quarter worth about $254,000.

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.