BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) to Issue Monthly Dividend of $0.14

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) declared a monthly dividend on Wednesday, September 30th. Investors of record on Thursday, October 1st will be paid a dividend of $0.1359 per share on Tuesday, October 6th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Thursday, October 1st. This is a 14.4% decrease from BNY Mellon Ultra Short Income ETF’s previous monthly dividend of $0.1588.

BNY Mellon Ultra Short Income ETF Trading Up 0.1%

Shares of NYSEARCA:BKUI opened at $49.62 on Thursday. The stock has a 50 day moving average of $49.63 and a 200 day moving average of $49.68. BNY Mellon Ultra Short Income ETF has a 12-month low of $49.53 and a 12-month high of $49.96.

Hedge Funds Weigh In On BNY Mellon Ultra Short Income ETF

A number of hedge funds have recently modified their holdings of BKUI. Envestnet Asset Management Inc. increased 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 worth $696,000 after purchasing an additional 6,688 shares in the last quarter. Citadel Advisors LLC boosted its holdings in BNY Mellon Ultra Short Income ETF by 167.8% in the 2nd 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. Western Wealth Management LLC increased its stake in BNY Mellon Ultra Short Income ETF by 17.6% in the 1st quarter. Western Wealth Management LLC now owns 23,000 shares of the company’s stock worth $1,145,000 after buying an additional 3,436 shares in the last quarter. Private Advisor Group LLC raised its holdings in BNY Mellon Ultra Short Income ETF by 11.3% during the first quarter. Private Advisor Group LLC now owns 18,920 shares of the company’s stock valued at $942,000 after acquiring an additional 1,915 shares during the period. Finally, RPOA Advisors Inc. raised its holdings in BNY Mellon Ultra Short Income ETF by 896.0% during the first quarter. RPOA Advisors Inc. now owns 6,312,334 shares of the company’s stock valued at $314,260,000 after acquiring an additional 5,678,543 shares during the period.

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.