Avestar Capital LLC Acquires 32,750 Shares of BNY Mellon Ultra Short Income ETF $BKUI

Avestar Capital LLC grew its stake in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) by 8.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 407,209 shares of the company’s stock after purchasing an additional 32,750 shares during the period. BNY Mellon Ultra Short Income ETF makes up approximately 1.4% of Avestar Capital LLC’s holdings, making the stock its 13th largest holding. Avestar Capital LLC owned approximately 8.66% of BNY Mellon Ultra Short Income ETF worth $20,312,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BKUI. JPMorgan Chase & Co. acquired a new stake in BNY Mellon Ultra Short Income ETF in the 2nd quarter valued at $31,000. Flagship Harbor Advisors LLC acquired a new stake in shares of BNY Mellon Ultra Short Income ETF in the 2nd quarter valued at $918,000. ZEGA Investments LLC bought a new stake in shares of BNY Mellon Ultra Short Income ETF in the 1st quarter worth about $973,000. Flow Traders U.S. LLC grew its holdings in shares of BNY Mellon Ultra Short Income ETF by 194.0% in the 1st quarter. Flow Traders U.S. LLC now owns 34,613 shares of the company’s stock worth $1,726,000 after purchasing an additional 22,841 shares during the last quarter. Finally, Kensington Asset Management LLC increased its position in shares of BNY Mellon Ultra Short Income ETF by 9.1% during the 2nd quarter. Kensington Asset Management LLC now owns 135,703 shares of the company’s stock worth $6,769,000 after purchasing an additional 11,302 shares in the last quarter.

BNY Mellon Ultra Short Income ETF Stock Performance

NYSEARCA:BKUI opened at $49.79 on Friday. BNY Mellon Ultra Short Income ETF has a 12 month low of $49.36 and a 12 month high of $50.93. The company’s 50-day moving average price is $49.85 and its two-hundred day moving average price is $49.82.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, December 1st were issued a dividend of $0.1638 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, December 1st.

BNY Mellon Ultra Short Income ETF Profile

The BNY Mellon Ultra Short Income ETF (BKUI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed portfolio of investment-grade, USD-denominated fixed income securities with an ultra-short effective duration. The fund aims for high income and low volatility.