AB Ultra Short Income ETF (NYSEARCA:YEAR) Sees Large Volume Increase – Still a Buy?

Shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) saw strong trading volume on Monday . 788,065 shares changed hands during trading, an increase of 457% from the previous session’s volume of 141,457 shares.The stock last traded at $50.52 and had previously closed at $50.51.

AB Ultra Short Income ETF Stock Performance

The business has a 50 day simple moving average of $50.45 and a 200-day simple moving average of $50.56.

Institutional Trading of AB Ultra Short Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in YEAR. Raymond James Financial Inc. purchased a new stake in AB Ultra Short Income ETF in the 4th quarter valued at about $30,321,000. LPL Financial LLC lifted its holdings in AB Ultra Short Income ETF by 10.9% during the fourth quarter. LPL Financial LLC now owns 2,951,236 shares of the company’s stock worth $148,595,000 after acquiring an additional 289,464 shares during the period. Mariner LLC grew its stake in AB Ultra Short Income ETF by 515.7% in the 4th quarter. Mariner LLC now owns 302,684 shares of the company’s stock valued at $15,240,000 after purchasing an additional 253,526 shares during the period. Moran Wealth Management LLC purchased a new stake in shares of AB Ultra Short Income ETF during the 4th quarter valued at $5,340,000. Finally, PMG Wealth Management Inc. purchased a new position in shares of AB Ultra Short Income ETF in the 4th quarter worth about $3,422,000.

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.