Kestra Advisory Services LLC Trims Stock Position in AB Ultra Short Income ETF $YEAR

Kestra Advisory Services LLC cut its holdings in AB Ultra Short Income ETF (NYSEARCA:YEAR) by 36.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,658 shares of the company’s stock after selling 32,695 shares during the period. Kestra Advisory Services LLC owned 0.20% of AB Ultra Short Income ETF worth $2,910,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new stake in AB Ultra Short Income ETF during the fourth quarter worth $73,000. Wagner Wealth Management LLC acquired a new position in shares of AB Ultra Short Income ETF in the 1st quarter valued at $127,000. Colonial Trust Advisors lifted its stake in shares of AB Ultra Short Income ETF by 59.7% in the 4th quarter. Colonial Trust Advisors now owns 2,675 shares of the company’s stock valued at $135,000 after purchasing an additional 1,000 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of AB Ultra Short Income ETF by 25.2% during the 4th quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock worth $251,000 after purchasing an additional 1,000 shares during the period. Finally, Sun Financial Inc purchased a new position in shares of AB Ultra Short Income ETF during the 4th quarter worth $254,000.

AB Ultra Short Income ETF Price Performance

Shares of NYSEARCA:YEAR opened at $50.27 on Friday. The business has a 50-day moving average price of $50.28 and a 200 day moving average price of $50.41. AB Ultra Short Income ETF has a 12-month low of $50.17 and a 12-month high of $50.82.

AB Ultra Short Income ETF 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. YEAR was launched on Sep 14, 2022 and is managed by AB Funds.