Oppenheimer Asset Management Inc. Grows Stake in AB Ultra Short Income ETF (NYSEARCA:YEAR)

Oppenheimer Asset Management Inc. increased its stake in AB Ultra Short Income ETF (NYSEARCA:YEAR) by 2.3% in the 4th quarter, HoldingsChannel reports. The fund owned 96,694 shares of the company’s stock after acquiring an additional 2,135 shares during the period. Oppenheimer Asset Management Inc.’s holdings in AB Ultra Short Income ETF were worth $4,869,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates grew its position in AB Ultra Short Income ETF by 371.3% in the third quarter. Raymond James & Associates now owns 114,434 shares of the company’s stock worth $5,818,000 after acquiring an additional 90,155 shares in the last quarter. Trilogy Capital Inc. boosted its position in shares of AB Ultra Short Income ETF by 11.2% during the fourth quarter. Trilogy Capital Inc. now owns 33,674 shares of the company’s stock valued at $1,695,000 after buying an additional 3,398 shares during the period. Great Valley Advisor Group Inc. boosted its position in shares of AB Ultra Short Income ETF by 3.7% during the third quarter. Great Valley Advisor Group Inc. now owns 15,345 shares of the company’s stock valued at $780,000 after buying an additional 543 shares during the period. Truist Financial Corp boosted 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 valued at $20,513,000 after buying an additional 25,083 shares during the period. Finally, Cozad Asset Management Inc. boosted its position in shares of AB Ultra Short Income ETF by 198.2% during the third quarter. Cozad Asset Management Inc. now owns 13,165 shares of the company’s stock valued at $669,000 after buying an additional 8,750 shares during the period.

AB Ultra Short Income ETF Stock Performance

Shares of NYSEARCA:YEAR opened at $50.66 on Friday. AB Ultra Short Income ETF has a 1 year low of $50.10 and a 1 year high of $50.92. The business has a 50 day simple moving average of $50.45 and a two-hundred day simple moving average of $50.57.

AB Ultra Short Income ETF 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.