BNY Mellon Ultra Short Income ETF $BKUI Shares Acquired by RPOA Advisors Inc.

RPOA Advisors Inc. raised its position in shares of BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) by 64.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,418,139 shares of the company’s stock after purchasing an additional 4,090,678 shares during the period. BNY Mellon Ultra Short Income ETF comprises 15.4% of RPOA Advisors Inc.’s portfolio, making the stock its 2nd biggest position. RPOA Advisors Inc. owned 65.73% of BNY Mellon Ultra Short Income ETF worth $516,896,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Krilogy Financial LLC bought a new position in shares of BNY Mellon Ultra Short Income ETF during the 1st quarter worth $397,000. Overbrook Management Corp purchased a new position in shares of BNY Mellon Ultra Short Income ETF during the third quarter valued at $499,000. Envestnet Asset Management Inc. increased its stake in shares of BNY Mellon Ultra Short Income ETF by 91.6% during the second quarter. Envestnet Asset Management Inc. now owns 13,988 shares of the company’s stock valued at $696,000 after buying an additional 6,688 shares during the period. Private Advisor Group LLC increased its stake in shares of BNY Mellon Ultra Short Income ETF by 11.3% during the first quarter. Private Advisor Group LLC now owns 18,920 shares of the company’s stock valued at $942,000 after buying an additional 1,915 shares during the period. Finally, Western Wealth Management LLC raised its holdings in shares of BNY Mellon Ultra Short Income ETF by 17.6% in the first quarter. Western Wealth Management LLC now owns 23,000 shares of the company’s stock valued at $1,145,000 after acquiring an additional 3,436 shares in the last quarter.

BNY Mellon Ultra Short Income ETF Stock Performance

BKUI stock opened at $49.58 on Tuesday. BNY Mellon Ultra Short Income ETF has a 1-year low of $49.47 and a 1-year high of $49.96. The business has a 50-day moving average price of $49.60 and a 200 day moving average price of $49.66.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.1359 per share. This represents a $1.63 annualized dividend and a yield of 3.3%. The ex-dividend date was Thursday, October 1st. This is a negative change from BNY Mellon Ultra Short Income ETF’s previous monthly dividend of $0.1588.

BNY Mellon Ultra Short Income ETF Company 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. BKUI was launched on Aug 9, 2021 and is managed by BNY Mellon.