BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Sets New 52-Week Low – Time to Sell?

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) reached a new 52-week low on Tuesday . The stock traded as low as $49.53 and last traded at $49.56, with a volume of 1927 shares trading hands. The stock had previously closed at $49.71.

BNY Mellon Ultra Short Income ETF Stock Down 0.3%

The stock has a 50-day simple moving average of $49.67 and a 200 day simple moving average of $49.72.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

Several large investors have recently modified their holdings of the stock. RPOA Advisors Inc. boosted its position in BNY Mellon Ultra Short Income ETF by 896.0% in 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 in the last quarter. PCG Wealth Advisors LLC lifted its holdings in BNY Mellon Ultra Short Income ETF by 1.2% during the 4th quarter. PCG Wealth Advisors LLC now owns 34,762 shares of the company’s stock valued at $1,729,000 after purchasing an additional 423 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of BNY Mellon Ultra Short Income ETF by 1,137.0% in the third quarter. Raymond James Financial Inc. now owns 34,340 shares of the company’s stock valued at $1,715,000 after acquiring an additional 31,564 shares in the last quarter. Jane Street Group LLC increased its position in BNY Mellon Ultra Short Income ETF by 93.4% during the second quarter. Jane Street Group LLC now owns 30,944 shares of the company’s stock worth $1,543,000 after acquiring an additional 14,948 shares during the period. Finally, LPL Financial LLC raised its stake in BNY Mellon Ultra Short Income ETF by 28.8% in the 4th quarter. LPL Financial LLC now owns 30,879 shares of the company’s stock worth $1,536,000 after purchasing an additional 6,913 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.