Avestar Capital LLC Invests $15.63 Million in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI)

Avestar Capital LLC purchased a new position in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 313,847 shares of the company’s stock, valued at approximately $15,629,000. BNY Mellon Ultra Short Income ETF comprises about 1.3% of Avestar Capital LLC’s holdings, making the stock its 13th largest holding. Avestar Capital LLC owned about 20.92% of BNY Mellon Ultra Short Income ETF at the end of the most recent quarter.

Separately, Jane Street Group LLC bought a new position in shares of BNY Mellon Ultra Short Income ETF during the 3rd quarter valued at $282,000.

BNY Mellon Ultra Short Income ETF Stock Down 0.0 %

BKUI stock opened at $49.63 on Thursday. BNY Mellon Ultra Short Income ETF has a 52 week low of $49.34 and a 52 week high of $49.91. The firm’s fifty day moving average is $49.66 and its 200 day moving average is $49.70.

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.