Independent Advisor Alliance Takes $1 Million Position in AB Ultra Short Income ETF (NYSEARCA:YEAR)

Independent Advisor Alliance acquired a new stake in shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,870 shares of the company’s stock, valued at approximately $1,000,000.

A number of other hedge funds also recently made changes to their positions in the company. LPL Financial LLC raised its stake in shares of AB Ultra Short Income ETF by 0.9% during the third quarter. LPL Financial LLC now owns 2,661,772 shares of the company’s stock valued at $135,338,000 after purchasing an additional 23,270 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of AB Ultra Short Income ETF during the fourth quarter worth approximately $30,321,000. Truist Financial Corp grew its position in shares of AB Ultra Short Income ETF by 6.6% during the fourth quarter. Truist Financial Corp now owns 407,400 shares of the company’s stock worth $20,513,000 after buying an additional 25,083 shares in the last quarter. Private Advisor Group LLC grew its position in shares of AB Ultra Short Income ETF by 21.8% during the fourth quarter. Private Advisor Group LLC now owns 224,115 shares of the company’s stock worth $11,284,000 after buying an additional 40,164 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of AB Ultra Short Income ETF by 5.4% during the fourth quarter. D.A. Davidson & CO. now owns 156,618 shares of the company’s stock worth $7,886,000 after buying an additional 8,082 shares in the last quarter.

AB Ultra Short Income ETF Price Performance

YEAR stock opened at $50.50 on Friday. AB Ultra Short Income ETF has a twelve month low of $50.10 and a twelve month high of $50.92. The firm has a 50 day simple moving average of $50.46 and a 200-day simple moving average of $50.55.

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.