Avestar Capital LLC Has $20.31 Million Stock Position in BNY Mellon Ultra Short Income ETF $BKUI

Avestar Capital LLC raised its stake in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) by 8.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 407,209 shares of the company’s stock after acquiring an additional 32,750 shares during the quarter. BNY Mellon Ultra Short Income ETF comprises approximately 1.4% of Avestar Capital LLC’s investment portfolio, making the stock its 13th biggest holding. Avestar Capital LLC owned approximately 0.09% of BNY Mellon Ultra Short Income ETF worth $20,312,000 as of its most recent SEC filing.

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

BNY Mellon Ultra Short Income ETF Stock Performance

BKUI stock opened at $49.79 on Friday. BNY Mellon Ultra Short Income ETF has a twelve month low of $49.36 and a twelve month high of $50.93. The business has a fifty day moving average of $49.85 and a 200-day moving average of $49.82.

BNY Mellon Ultra Short Income ETF Cuts Dividend

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

About BNY Mellon Ultra Short Income ETF

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.