BNY Mellon High Yield ETF $BKHY Stock Position Lowered by ShoreHaven Wealth Partners LLC

ShoreHaven Wealth Partners LLC lowered its holdings in BNY Mellon High Yield ETF (NYSEARCA:BKHY) by 6.0% in the second quarter, Holdings Channel.com reports. The firm owned 55,134 shares of the company’s stock after selling 3,507 shares during the period. BNY Mellon High Yield ETF comprises approximately 1.1% of ShoreHaven Wealth Partners LLC’s investment portfolio, making the stock its 26th largest position. ShoreHaven Wealth Partners LLC’s holdings in BNY Mellon High Yield ETF were worth $2,662,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Arkadios Wealth Advisors boosted its stake in shares of BNY Mellon High Yield ETF by 3.9% during the 1st quarter. Arkadios Wealth Advisors now owns 6,040 shares of the company’s stock valued at $288,000 after buying an additional 227 shares during the period. Freedom Investment Management Inc. increased its stake in shares of BNY Mellon High Yield ETF by 4.8% in the first quarter. Freedom Investment Management Inc. now owns 13,132 shares of the company’s stock worth $625,000 after acquiring an additional 605 shares during the last quarter. TFB Advisors LLC raised its holdings in shares of BNY Mellon High Yield ETF by 11.0% during the first quarter. TFB Advisors LLC now owns 6,139 shares of the company’s stock worth $292,000 after acquiring an additional 609 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in BNY Mellon High Yield ETF by 10.1% in the first quarter. Geneos Wealth Management Inc. now owns 7,604 shares of the company’s stock valued at $362,000 after purchasing an additional 698 shares in the last quarter. Finally, Assetmark Inc. grew its stake in BNY Mellon High Yield ETF by 0.4% in the first quarter. Assetmark Inc. now owns 201,755 shares of the company’s stock valued at $9,610,000 after purchasing an additional 791 shares in the last quarter.

BNY Mellon High Yield ETF Trading Up 0.1%

Shares of BNY Mellon High Yield ETF stock opened at $48.37 on Friday. The stock has a 50-day simple moving average of $48.44 and a 200-day simple moving average of $47.84. BNY Mellon High Yield ETF has a 52-week low of $42.33 and a 52-week high of $48.92.

BNY Mellon High Yield ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were given a $0.2989 dividend. This is a positive change from BNY Mellon High Yield ETF’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend was Wednesday, October 1st.

BNY Mellon High Yield ETF Profile

The BNY Mellon High Yield Beta ETF (BKHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index of USD-denominated high yield corporate bonds with broad maturities. BKHY was launched on Apr 24, 2020 and is managed by BNY Mellon.