Alliancebernstein L.P. Decreases Holdings in AB Ultra Short Income ETF (NYSEARCA:YEAR)

Alliancebernstein L.P. lowered its stake in shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) by 5.2% during the fourth quarter, Holdings Channel reports. The firm owned 12,706,032 shares of the company’s stock after selling 694,790 shares during the period. Alliancebernstein L.P. owned approximately 0.66% of AB Ultra Short Income ETF worth $639,749,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of YEAR. Rothschild Investment LLC purchased a new position in shares of AB Ultra Short Income ETF during the fourth quarter worth about $38,000. Steward Partners Investment Advisory LLC grew its stake in shares of AB Ultra Short Income ETF by 440.0% in 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 last quarter. Magnolia Capital Advisors LLC purchased a new position in shares of AB Ultra Short Income ETF in the 4th quarter valued at approximately $237,000. Integrated Wealth Concepts LLC increased its holdings in shares of AB Ultra Short Income ETF by 20.2% in the third quarter. Integrated Wealth Concepts LLC now owns 4,774 shares of the company’s stock valued at $243,000 after purchasing an additional 801 shares during the period. Finally, Laraway Financial Advisors Inc purchased a new stake in shares of AB Ultra Short Income ETF during the third quarter worth approximately $366,000.

AB Ultra Short Income ETF Stock Performance

YEAR stock opened at $50.64 on Monday. The company has a fifty day moving average of $50.50 and a 200-day moving average of $50.54. AB Ultra Short Income ETF has a one year low of $50.10 and a one year high of $50.92.

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.