Shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG – Get Free Report) saw an uptick in trading volume on Monday. Approximately 563,341 shares traded hands during trading, an increase of 66% from the average daily volume of 338,724 shares. The stock last traded at $40.7850 and had previously closed at $40.78.
BNY Mellon Core Bond ETF Stock Up 0.1%
The firm’s 50-day moving average is $40.51 and its two-hundred day moving average is $41.62.
BNY Mellon Core Bond ETF Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were paid a $0.1518 dividend. This is a decrease from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.2430. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $1.82 annualized dividend and a dividend yield of 4.5%.
Hedge Funds Weigh In On BNY Mellon Core Bond ETF
Several large investors have recently made changes to their positions in BKAG. NewEdge Advisors LLC increased its position in BNY Mellon Core Bond ETF by 195.8% in the first quarter. NewEdge Advisors LLC now owns 60,984 shares of the company’s stock worth $26,000 after purchasing an additional 40,369 shares during the period. Kings Path Partners LLC bought a new position in shares of BNY Mellon Core Bond ETF in the 3rd quarter valued at about $31,000. IFP Advisors Inc bought a new position in shares of BNY Mellon Core Bond ETF in the 2nd quarter valued at about $70,000. Compass Financial Management LLC bought a new position in shares of BNY Mellon Core Bond ETF in the 2nd quarter valued at about $112,000. Finally, Trust Co. of Vermont acquired a new stake in shares of BNY Mellon Core Bond ETF during the 2nd quarter worth approximately $163,000.
BNY Mellon Core Bond ETF Company Profile
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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