Truist Financial Corp Acquires 32,498 Shares of AB Ultra Short Income ETF (NYSEARCA:YEAR)

Truist Financial Corp raised its stake in shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) by 10.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 334,003 shares of the company’s stock after acquiring an additional 32,498 shares during the period. Truist Financial Corp’s holdings in AB Ultra Short Income ETF were worth $16,872,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in YEAR. Envestnet Portfolio Solutions Inc. lifted its stake in shares of AB Ultra Short Income ETF by 7.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 13,541 shares of the company’s stock worth $684,000 after purchasing an additional 980 shares during the period. Wealthcare Advisory Partners LLC increased its stake in AB Ultra Short Income ETF by 13.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 10,599 shares of the company’s stock worth $535,000 after acquiring an additional 1,243 shares during the last quarter. Lowe Wealth Advisors LLC grew its stake in shares of AB Ultra Short Income ETF by 7.7% in the 2nd quarter. Lowe Wealth Advisors LLC now owns 21,380 shares of the company’s stock worth $1,080,000 after buying an additional 1,520 shares in the last quarter. Unique Wealth Strategies LLC purchased a new position in AB Ultra Short Income ETF in the second quarter worth about $82,000. Finally, Avantax Advisory Services Inc. raised its position in AB Ultra Short Income ETF by 17.9% during the first quarter. Avantax Advisory Services Inc. now owns 11,231 shares of the company’s stock valued at $567,000 after purchasing an additional 1,703 shares during the period.

AB Ultra Short Income ETF Price Performance

Shares of YEAR opened at $50.57 on Friday. AB Ultra Short Income ETF has a twelve month low of $49.92 and a twelve month high of $50.92. The company’s fifty day simple moving average is $50.70 and its 200-day simple moving average is $50.51.

AB Ultra Short Income ETF Company 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.