PMG Wealth Management Inc. Takes $3.42 Million Position in AB Ultra Short Income ETF (NYSEARCA:YEAR)

PMG Wealth Management Inc. bought a new position in AB Ultra Short Income ETF (NYSEARCA:YEAR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 67,964 shares of the company’s stock, valued at approximately $3,422,000. AB Ultra Short Income ETF comprises approximately 3.1% of PMG Wealth Management Inc.’s holdings, making the stock its 14th biggest holding.

A number of other hedge funds also recently bought and sold shares of the company. Magnolia Capital Advisors LLC bought a new position in AB Ultra Short Income ETF during the 4th quarter worth approximately $237,000. Integrated Wealth Concepts LLC boosted its stake in shares of AB Ultra Short Income ETF by 20.2% during the third quarter. Integrated Wealth Concepts LLC now owns 4,774 shares of the company’s stock valued at $243,000 after purchasing an additional 801 shares during the period. Laraway Financial Advisors Inc bought a new position in shares of AB Ultra Short Income ETF in the third quarter worth approximately $366,000. Hilltop Holdings Inc. purchased a new position in shares of AB Ultra Short Income ETF in the third quarter worth $432,000. Finally, Quantum Private Wealth LLC raised its holdings in AB Ultra Short Income ETF by 24.2% during the 4th quarter. Quantum Private Wealth LLC now owns 10,272 shares of the company’s stock valued at $517,000 after buying an additional 2,002 shares during the last quarter.

AB Ultra Short Income ETF Price Performance

Shares of AB Ultra Short Income ETF stock opened at $50.52 on Friday. The company’s fifty day simple moving average is $50.44 and its two-hundred day simple moving average is $50.57. AB Ultra Short Income ETF has a 12-month low of $50.10 and a 12-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.