BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI – Get Free Report) saw an uptick in trading volume on Monday . Approximately 75,231 shares traded hands during trading, a decline of 26% from the previous session’s volume of 101,266 shares.The stock last traded at $49.63 and had previously closed at $49.60.
BNY Mellon Ultra Short Income ETF Price Performance
The company has a 50-day moving average price of $49.71 and a 200-day moving average price of $49.76.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKUI. Western Wealth Management LLC boosted its stake in shares of BNY Mellon Ultra Short Income ETF by 17.6% during the 1st quarter. Western Wealth Management LLC now owns 23,000 shares of the company’s stock worth $1,145,000 after purchasing an additional 3,436 shares during the last quarter. Private Advisor Group LLC lifted 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. RPOA Advisors Inc. lifted its stake in shares of BNY Mellon Ultra Short Income ETF by 896.0% during the first quarter. RPOA Advisors Inc. now owns 6,312,334 shares of the company’s stock valued at $314,260,000 after buying an additional 5,678,543 shares during the period. Krilogy Financial LLC acquired a new stake in BNY Mellon Ultra Short Income ETF during the first quarter worth approximately $397,000. Finally, LPL Financial LLC boosted its position in BNY Mellon Ultra Short Income ETF by 28.8% during the fourth quarter. LPL Financial LLC now owns 30,879 shares of the company’s stock worth $1,536,000 after acquiring an additional 6,913 shares during the last quarter.
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.
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