BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Sees Large Volume Increase – Here’s What Happened

Shares of BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) saw strong trading volume on Monday . 351,503 shares were traded during mid-day trading, an increase of 148% from the previous session’s volume of 141,918 shares.The stock last traded at $49.68 and had previously closed at $49.66.

BNY Mellon Ultra Short Income ETF Trading Up 0.0%

The business has a fifty day moving average of $49.79 and a 200-day moving average of $49.83.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1599 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. PCG Wealth Advisors LLC boosted its stake in shares of 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 in the last quarter. JPMorgan Chase & Co. purchased a new stake in BNY Mellon Ultra Short Income ETF in the second quarter worth about $31,000. Raymond James Financial Inc. purchased a new stake in BNY Mellon Ultra Short Income ETF in the second quarter worth about $138,000. Kensington Asset Management LLC boosted its position in BNY Mellon Ultra Short Income ETF by 2.2% during the 3rd quarter. Kensington Asset Management LLC now owns 138,713 shares of the company’s stock valued at $6,927,000 after acquiring an additional 3,010 shares in the last quarter. Finally, Q3 Asset Management bought a new stake in BNY Mellon Ultra Short Income ETF during the 4th quarter valued at approximately $205,000.

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.