Avestar Capital LLC Has $17.62 Million Position in BNY Mellon Ultra Short Income ETF $BKUI

Avestar Capital LLC decreased its stake in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) by 11.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 353,471 shares of the company’s stock after selling 46,247 shares during the period. BNY Mellon Ultra Short Income ETF makes up 1.1% of Avestar Capital LLC’s investment portfolio, making the stock its 13th biggest position. Avestar Capital LLC owned approximately 0.08% of BNY Mellon Ultra Short Income ETF worth $17,622,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. PCG Wealth Advisors LLC acquired a new position in shares of BNY Mellon Ultra Short Income ETF in the third quarter worth approximately $1,715,000. Elevated Financial Group LLC bought a new stake in shares of BNY Mellon Ultra Short Income ETF in the 4th quarter valued at $1,692,000. Raymond James Financial Inc. increased its position in shares of BNY Mellon Ultra Short Income ETF by 1,137.0% during the third quarter. Raymond James Financial Inc. now owns 34,340 shares of the company’s stock worth $1,715,000 after buying an additional 31,564 shares during the period. Western Wealth Management LLC acquired a new stake in shares of BNY Mellon Ultra Short Income ETF during the fourth quarter worth $973,000. Finally, Private Advisor Group LLC bought a new position in BNY Mellon Ultra Short Income ETF during the third quarter worth $832,000.

BNY Mellon Ultra Short Income ETF Stock Performance

BKUI stock opened at $49.67 on Thursday. 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 fifty day simple moving average is $49.73 and its 200 day simple moving average is $49.79.

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. BKUI was launched on Aug 9, 2021 and is managed by BNY Mellon.