BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Sets New 1-Year Low – Here’s What Happened

Shares of BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $49.50 and last traded at $49.4910, with a volume of 180 shares changing hands. The stock had previously closed at $49.58.

BNY Mellon Ultra Short Income ETF Stock Performance

The company has a 50 day moving average price of $49.63 and a 200 day moving average price of $49.68.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be issued a dividend of $0.1359 per share. This is a drop from BNY Mellon Ultra Short Income ETF’s previous monthly dividend of $0.1588. This represents a $1.63 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, October 1st.

Institutional Trading of BNY Mellon Ultra Short Income ETF

Several large investors have recently bought and sold shares of BKUI. Krilogy Financial LLC purchased a new position in shares of BNY Mellon Ultra Short Income ETF in the first quarter valued at $397,000. Envestnet Asset Management Inc. raised its stake in shares of BNY Mellon Ultra Short Income ETF by 91.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,988 shares of the company’s stock worth $696,000 after buying an additional 6,688 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of BNY Mellon Ultra Short Income ETF by 11.3% in the 1st quarter. Private Advisor Group LLC now owns 18,920 shares of the company’s stock worth $942,000 after buying an additional 1,915 shares in the last quarter. Western Wealth Management LLC boosted its position in shares of BNY Mellon Ultra Short Income ETF by 17.6% in the 1st quarter. Western Wealth Management LLC now owns 23,000 shares of the company’s stock worth $1,145,000 after buying an additional 3,436 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of BNY Mellon Ultra Short Income ETF by 167.8% in the 2nd quarter. Citadel Advisors LLC now owns 28,274 shares of the company’s stock worth $1,407,000 after buying an additional 17,717 shares in the last quarter.

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.