AB Ultra Short Income ETF (NYSEARCA:YEAR) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

AB Ultra Short Income ETF (NYSEARCA:YEAR)’s share price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $50.11 and traded as high as $50.16. AB Ultra Short Income ETF shares last traded at $50.16, with a volume of 118,636 shares changing hands.

AB Ultra Short Income ETF Price Performance

The firm’s 50-day moving average is $50.11 and its 200 day moving average is $50.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of YEAR. Kensington Asset Management LLC increased its stake in AB Ultra Short Income ETF by 39.6% in the first quarter. Kensington Asset Management LLC now owns 719,794 shares of the company’s stock valued at $36,332,000 after purchasing an additional 204,197 shares during the period. Bank of America Corp DE boosted its stake in shares of AB Ultra Short Income ETF by 344.0% during the first quarter. Bank of America Corp DE now owns 235,501 shares of the company’s stock worth $11,887,000 after buying an additional 182,456 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of AB Ultra Short Income ETF during the third quarter worth about $5,432,000. Citadel Advisors LLC acquired a new stake in shares of AB Ultra Short Income ETF during the second quarter worth about $2,146,000. Finally, D.A. Davidson & CO. boosted its stake in shares of AB Ultra Short Income ETF by 16.0% during the first quarter. D.A. Davidson & CO. now owns 278,824 shares of the company’s stock worth $14,074,000 after buying an additional 38,378 shares during the period.

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.