Shares of AB Ultra Short Income ETF (NYSEARCA:YEAR – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 424,291 shares were traded during mid-day trading, an increase of 188% from the previous session’s volume of 147,225 shares.The stock last traded at $50.52 and had previously closed at $50.52.
AB Ultra Short Income ETF Trading Down 0.0 %
The company’s 50-day simple moving average is $50.47 and its 200 day simple moving average is $50.55.
Hedge Funds Weigh In On AB Ultra Short Income ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new stake in AB Ultra Short Income ETF during the fourth quarter valued at about $38,000. Steward Partners Investment Advisory LLC boosted its stake in AB Ultra Short Income ETF by 440.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,700 shares of the company’s stock valued at $136,000 after purchasing an additional 2,200 shares during the period. Magnolia Capital Advisors LLC acquired a new stake in AB Ultra Short Income ETF in the 4th quarter valued at approximately $237,000. Integrated Wealth Concepts LLC increased its position in AB Ultra Short Income ETF by 20.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,774 shares of the company’s stock worth $243,000 after buying an additional 801 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in shares of AB Ultra Short Income ETF during the fourth quarter worth approximately $287,000.
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.
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