PMG Wealth Management Inc. Makes New Investment in AB Ultra Short Income ETF (NYSEARCA:YEAR)

PMG Wealth Management Inc. bought a new stake in shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 67,964 shares of the company’s stock, valued at approximately $3,422,000. AB Ultra Short Income ETF comprises about 3.1% of PMG Wealth Management Inc.’s investment portfolio, making the stock its 14th biggest holding. PMG Wealth Management Inc. owned approximately 0.35% of AB Ultra Short Income ETF at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Raymond James & Associates lifted its stake 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 valued at $5,818,000 after purchasing an additional 90,155 shares during the last quarter. Trilogy Capital Inc. lifted its position in shares of AB Ultra Short Income ETF by 11.2% during the 4th 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 last quarter. Great Valley Advisor Group Inc. grew its stake in shares of AB Ultra Short Income ETF by 3.7% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 15,345 shares of the company’s stock worth $780,000 after acquiring an additional 543 shares during the period. Truist Financial Corp increased its holdings in AB Ultra Short Income ETF by 6.6% in the 4th quarter. Truist Financial Corp now owns 407,400 shares of the company’s stock worth $20,513,000 after acquiring an additional 25,083 shares during the last quarter. Finally, Cozad Asset Management Inc. raised its stake in AB Ultra Short Income ETF by 198.2% in the 3rd quarter. Cozad Asset Management Inc. now owns 13,165 shares of the company’s stock valued at $669,000 after acquiring an additional 8,750 shares during the period.

AB Ultra Short Income ETF Trading Up 0.0 %

Shares of NYSEARCA:YEAR opened at $50.52 on Friday. The company has a 50-day moving average price of $50.44 and a two-hundred day moving average price of $50.57. AB Ultra Short Income ETF has a twelve month low of $50.10 and a twelve month high of $50.92.

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.