AB Ultra Short Income ETF (NYSEARCA:YEAR) Sees Strong Trading Volume – What’s Next?

Shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) saw an uptick in trading volume on Monday . 788,065 shares were traded during mid-day 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 Trading Up 0.0 %

The company’s 50-day simple moving average is $50.45 and its 200 day simple moving average is $50.56.

Institutional Investors Weigh In On AB Ultra Short Income ETF

A number of large investors have recently modified their holdings of YEAR. Leavell Investment Management Inc. raised its holdings in shares of AB Ultra Short Income ETF by 13.4% during the third quarter. Leavell Investment Management Inc. now owns 15,044 shares of the company’s stock worth $765,000 after purchasing an additional 1,782 shares during the last quarter. LPL Financial LLC lifted its holdings in AB Ultra Short Income ETF by 0.9% in the third quarter. LPL Financial LLC now owns 2,661,772 shares of the company’s stock valued at $135,338,000 after acquiring an additional 23,270 shares during the period. Great Valley Advisor Group Inc. lifted its stake in shares of AB Ultra Short Income ETF by 3.7% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 15,345 shares of the company’s stock valued at $780,000 after purchasing an additional 543 shares during the period. Kingsview Wealth Management LLC raised its position in shares of AB Ultra Short Income ETF by 17.8% in the third quarter. Kingsview Wealth Management LLC now owns 139,921 shares of the company’s stock worth $7,114,000 after acquiring an additional 21,155 shares during the period. Finally, D.A. Davidson & CO. increased its stake in shares of AB Ultra Short Income ETF by 6.9% in the 3rd quarter. D.A. Davidson & CO. now owns 148,536 shares of the company’s stock valued at $7,552,000 after purchasing an additional 9,525 shares in the last quarter.

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.