RPOA Advisors Inc. Has $31.94 Million Stake in BNY Mellon Ultra Short Income ETF $BKUI

RPOA Advisors Inc. lowered its stake in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) by 13.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 639,510 shares of the company’s stock after selling 99,805 shares during the quarter. BNY Mellon Ultra Short Income ETF accounts for 0.8% of RPOA Advisors Inc.’s portfolio, making the stock its 6th largest position. RPOA Advisors Inc. owned about 13.61% of BNY Mellon Ultra Short Income ETF worth $31,937,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avestar Capital LLC grew its holdings in shares of BNY Mellon Ultra Short Income ETF by 8.7% in the second quarter. Avestar Capital LLC now owns 407,209 shares of the company’s stock worth $20,312,000 after acquiring an additional 32,750 shares during the period. Total Investment Management Inc. increased its position in shares of BNY Mellon Ultra Short Income ETF by 1.7% during the 2nd quarter. Total Investment Management Inc. now owns 1,901,202 shares of the company’s stock valued at $94,832,000 after purchasing an additional 31,676 shares during the last quarter. Kensington Asset Management LLC raised its position in BNY Mellon Ultra Short Income ETF by 9.1% in the second quarter. Kensington Asset Management LLC now owns 135,703 shares of the company’s stock worth $6,769,000 after acquiring an additional 11,302 shares during the period. ZEGA Investments LLC bought a new position in BNY Mellon Ultra Short Income ETF in the first quarter worth approximately $973,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of BNY Mellon Ultra Short Income ETF during the 2nd quarter worth $918,000.

BNY Mellon Ultra Short Income ETF Price Performance

Shares of BNY Mellon Ultra Short Income ETF stock opened at $49.85 on Wednesday. The stock’s fifty day moving average is $49.85 and its 200 day moving average is $49.82. BNY Mellon Ultra Short Income ETF has a one year low of $49.36 and a one year high of $50.93.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were given a dividend of $0.1638 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, December 1st.

BNY Mellon Ultra Short Income ETF 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.