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

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

BNY Mellon Ultra Short Income ETF Stock Performance

The business 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 firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st will be given a $0.1359 dividend. The ex-dividend date is Thursday, October 1st. This is a negative change 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%.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

Institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC grew its stake in shares of BNY Mellon Ultra Short Income ETF by 11.3% during the 1st quarter. Private Advisor Group LLC now owns 18,920 shares of the company’s stock worth $942,000 after purchasing an additional 1,915 shares during the period. Western Wealth Management LLC lifted its stake 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 purchasing an additional 3,436 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of BNY Mellon Ultra Short Income ETF by 91.6% in the second quarter. Envestnet Asset Management Inc. now owns 13,988 shares of the company’s stock valued at $696,000 after purchasing an additional 6,688 shares during the period. Krilogy Financial LLC purchased a new stake in BNY Mellon Ultra Short Income ETF during the first quarter worth about $397,000. Finally, Citadel Advisors LLC grew its position in BNY Mellon Ultra Short Income ETF by 167.8% during the second 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 during the period.

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.