BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Reaches New 52-Week Low – Should You Sell?

BNY Mellon Core Bond ETF (NYSEARCA:BKAGGet Free Report) shares hit a new 52-week low on Friday . The company traded as low as $41.23 and last traded at $41.25, with a volume of 19164 shares changing hands. The stock had previously closed at $41.39.

BNY Mellon Core Bond ETF Price Performance

The firm’s 50-day simple moving average is $41.73 and its 200-day simple moving average is $42.10.

Institutional Trading of BNY Mellon Core Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of BKAG. Sightline Wealth Advisors LLC purchased a new position in BNY Mellon Core Bond ETF during the 4th quarter worth $2,041,000. CENTRAL TRUST Co raised its position in BNY Mellon Core Bond ETF by 9.9% during the 4th quarter. CENTRAL TRUST Co now owns 637,074 shares of the company’s stock valued at $27,001,000 after purchasing an additional 57,296 shares in the last quarter. Savvy Advisors Inc. purchased a new stake in shares of BNY Mellon Core Bond ETF in the 4th quarter worth $1,419,000. Krilogy Financial LLC purchased a new stake in shares of BNY Mellon Core Bond ETF in the 1st quarter worth $695,000. Finally, Stiles Financial Services Inc bought a new position in shares of BNY Mellon Core Bond ETF during the 4th quarter worth $1,310,000.

BNY Mellon Core Bond ETF Company Profile

(Get Free Report)

The BNY Mellon Core Bond ETF (BKAG) is an exchange-traded fund that is based on the Bloomberg US Aggregate Total Return index. The fund tracks a broad index of US investment-grade fixed income securities, including Treasurys, agencies, CMBS, ABS and corporates. BKAG was launched on Apr 24, 2020 and is managed by BNY Mellon.

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