Cornerstone Wealth Management LLC Raises Stake in AB Ultra Short Income ETF (NYSEARCA:YEAR)

Cornerstone Wealth Management LLC boosted its holdings in AB Ultra Short Income ETF (NYSEARCA:YEAR) by 4.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,087 shares of the company’s stock after buying an additional 507 shares during the period. Cornerstone Wealth Management LLC owned approximately 0.06% of AB Ultra Short Income ETF worth $558,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BOS Asset Management LLC raised its holdings in shares of AB Ultra Short Income ETF by 102.5% during the 3rd quarter. BOS Asset Management LLC now owns 738,334 shares of the company’s stock valued at $37,541,000 after buying an additional 373,680 shares during the period. Magnolia Capital Advisors LLC acquired a new position in shares of AB Ultra Short Income ETF during the second quarter worth $6,705,000. Raymond James & Associates grew its holdings in AB Ultra Short Income ETF by 371.3% during the 3rd quarter. Raymond James & Associates now owns 114,434 shares of the company’s stock valued at $5,818,000 after purchasing an additional 90,155 shares in the last quarter. Private Advisor Group LLC increased its stake in AB Ultra Short Income ETF by 75.0% during the 3rd quarter. Private Advisor Group LLC now owns 183,951 shares of the company’s stock worth $9,353,000 after buying an additional 78,865 shares during the period. Finally, Ausdal Financial Partners Inc. lifted its holdings in AB Ultra Short Income ETF by 39.7% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 156,274 shares of the company’s stock worth $7,946,000 after buying an additional 44,420 shares in the last quarter.

AB Ultra Short Income ETF Price Performance

NYSEARCA:YEAR opened at $50.50 on Friday. The firm has a 50-day moving average of $50.48 and a two-hundred day moving average of $50.58. AB Ultra Short Income ETF has a 1-year low of $50.18 and a 1-year high of $50.92.

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.