Envestnet Asset Management Inc. Has $10.47 Million Stake in AB Ultra Short Income ETF $YEAR

Envestnet Asset Management Inc. lowered its stake in shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) by 48.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 206,610 shares of the company’s stock after selling 193,970 shares during the period. Envestnet Asset Management Inc.’s holdings in AB Ultra Short Income ETF were worth $10,470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. D.A. Davidson & CO. boosted its stake in AB Ultra Short Income ETF by 5.2% during the 2nd quarter. D.A. Davidson & CO. now owns 178,833 shares of the company’s stock worth $9,060,000 after acquiring an additional 8,890 shares during the last quarter. Atlas Private Wealth Advisors acquired a new stake in AB Ultra Short Income ETF in the second quarter worth $6,369,000. Claro Advisors LLC acquired a new stake in AB Ultra Short Income ETF in the second quarter worth $243,000. TME Financial Inc. boosted its position in shares of AB Ultra Short Income ETF by 9.5% during the second quarter. TME Financial Inc. now owns 18,158 shares of the company’s stock worth $920,000 after purchasing an additional 1,569 shares in the last quarter. Finally, Wedbush Securities Inc. acquired a new position in shares of AB Ultra Short Income ETF in the 2nd quarter valued at $17,840,000.

AB Ultra Short Income ETF Stock Down 0.0%

Shares of AB Ultra Short Income ETF stock opened at $50.56 on Thursday. AB Ultra Short Income ETF has a 12 month low of $50.36 and a 12 month high of $50.82. The stock’s fifty day simple moving average is $50.56 and its 200 day simple moving average is $50.59.

AB Ultra Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.1709 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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. YEAR was launched on Sep 14, 2022 and is managed by AB Funds.