Brookstone Capital Management Trims Stock Position in Brookstone Ultra-Short Bond ETF $BAMU

Brookstone Capital Management trimmed its stake in Brookstone Ultra-Short Bond ETF (BATS:BAMU) by 2.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 2,647,970 shares of the company’s stock after selling 68,366 shares during the period. Brookstone Ultra-Short Bond ETF accounts for approximately 0.8% of Brookstone Capital Management’s portfolio, making the stock its 23rd biggest position. Brookstone Capital Management owned about 0.91% of Brookstone Ultra-Short Bond ETF worth $66,821,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. AlphaStar Capital Management LLC acquired a new stake in Brookstone Ultra-Short Bond ETF during the 4th quarter worth $264,000. Jane Street Group LLC acquired a new position in Brookstone Ultra-Short Bond ETF in the second quarter valued at $328,000. Finally, JPMorgan Chase & Co. acquired a new position in Brookstone Ultra-Short Bond ETF in the second quarter valued at $118,000.

Brookstone Ultra-Short Bond ETF Price Performance

Brookstone Ultra-Short Bond ETF stock opened at $25.21 on Monday. Brookstone Ultra-Short Bond ETF has a fifty-two week low of $25.09 and a fifty-two week high of $25.44. The stock has a 50-day simple moving average of $25.26 and a 200-day simple moving average of $25.23.

Brookstone Ultra-Short Bond ETF Company Profile

The Brookstone Ultra-Short Bond ETF (BAMU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to provide exposure to US Treasurys and investment grade corporate bonds with maturities between 0-2 years. BAMU was launched on Sep 27, 2023 and is issued by Brookstone.