Kensington Asset Management LLC Raises Stock Holdings in AB Ultra Short Income ETF $YEAR

Kensington Asset Management LLC increased its position in AB Ultra Short Income ETF (NYSEARCA:YEAR) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 515,597 shares of the company’s stock after buying an additional 18,111 shares during the quarter. AB Ultra Short Income ETF accounts for approximately 1.4% of Kensington Asset Management LLC’s holdings, making the stock its 18th biggest holding. Kensington Asset Management LLC owned about 1.79% of AB Ultra Short Income ETF worth $26,136,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in YEAR. Raymond James Financial Inc. increased its stake in shares of AB Ultra Short Income ETF by 71.6% in the third quarter. Raymond James Financial Inc. now owns 869,953 shares of the company’s stock worth $44,085,000 after buying an additional 363,083 shares during the period. Wells Fargo & Company MN increased its position in AB Ultra Short Income ETF by 27.3% during the 4th quarter. Wells Fargo & Company MN now owns 746,404 shares of the company’s stock valued at $37,678,000 after purchasing an additional 159,927 shares during the period. Goldman Sachs Group Inc. increased its position in AB Ultra Short Income ETF by 151.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 191,791 shares of the company’s stock valued at $9,682,000 after purchasing an additional 115,406 shares during the period. Jane Street Group LLC increased its position in AB Ultra Short Income ETF by 259.9% during the 4th quarter. Jane Street Group LLC now owns 94,688 shares of the company’s stock valued at $4,780,000 after purchasing an additional 68,378 shares during the period. Finally, Global Retirement Partners LLC purchased a new position in AB Ultra Short Income ETF during the 4th quarter valued at $3,067,000.

AB Ultra Short Income ETF Price Performance

Shares of AB Ultra Short Income ETF stock opened at $50.28 on Friday. The company’s fifty day simple moving average is $50.35 and its two-hundred day simple moving average is $50.47. AB Ultra Short Income ETF has a 12-month low of $50.21 and a 12-month high of $50.82.

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.