LPL Financial LLC trimmed its stake in AB Ultra Short Income ETF (NYSEARCA:YEAR) by 11.5% in Q4,per latest SEC filing. After selling 404,918 shares,firm now holds 3,128,607 shares — about 10.86% of ETF — valued around $157.9 million .
Other firms shuffled their positions too. N.E.W. Advisory Services LLC jumped in with new $73,000 investment in same period. Meanwhile,Rothschild Investment LLC upped its holdings by 25.2%,adding 1,000 shares for total of 4,975 shares,worth $251,000.
Sun Financial Inc. and Centerpoint Advisory Group both made fresh investments,each around $254,000. Claro Advisors LLC boosted its stake 12.7% last quarter,now owning 5,415 shares valued at $274,000 after adding 611 shares.
Thursday,AB Ultra Short Income ETF opened at $50.24. Fund's 50-day moving average is $50.35,200-day is $50.47. Past year,ETF low was $50.21,high $50.82 .
Launched September 14, 2022,AB Ultra Short Income ETF is actively managed by AB Funds. Focuses on investment-grade fixed income,ultra-short-term U.S . government and corporate bonds. Aims for dollar-weighted average duration under one year.
These moves show LPL Financial and others navigating changing strategies,market conditions. Reflecting broader trends as firms reassess positions…
