Magnolia Capital Advisors LLC Makes New Investment in AB Ultra Short Income ETF (NYSEARCA:YEAR)

Magnolia Capital Advisors LLC bought a new stake in AB Ultra Short Income ETF (NYSEARCA:YEAR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 132,736 shares of the company’s stock, valued at approximately $6,705,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. LPL Financial LLC raised its holdings in AB Ultra Short Income ETF by 19.7% in the second quarter. LPL Financial LLC now owns 2,638,502 shares of the company’s stock valued at $133,284,000 after acquiring an additional 434,805 shares in the last quarter. Fermata Advisors LLC bought a new position in shares of AB Ultra Short Income ETF during the second quarter worth about $14,709,000. BOS Asset Management LLC grew its stake in AB Ultra Short Income ETF by 41.7% in the second quarter. BOS Asset Management LLC now owns 364,654 shares of the company’s stock worth $18,420,000 after purchasing an additional 107,379 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in AB Ultra Short Income ETF by 18.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 276,778 shares of the company’s stock valued at $13,981,000 after buying an additional 43,833 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in AB Ultra Short Income ETF by 13.2% during the second quarter. Envestnet Asset Management Inc. now owns 297,922 shares of the company’s stock valued at $15,050,000 after buying an additional 34,825 shares in the last quarter.

AB Ultra Short Income ETF Trading Up 0.1 %

Shares of YEAR opened at $50.87 on Friday. AB Ultra Short Income ETF has a 52 week low of $49.90 and a 52 week high of $50.92. The stock has a 50 day moving average of $50.69 and a 200-day moving average of $50.50.

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.