BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Hits New 1-Year Low – Here’s Why

Shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG – Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $40.57 and last traded at $40.5450, with a volume of 43902 shares changing hands. The stock had previously closed at $40.79.

BNY Mellon Core Bond ETF Price Performance

The company’s 50 day simple moving average is $41.22 and its 200 day simple moving average is $41.71.

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BNY Mellon Core Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a dividend of $0.146 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Investors Weigh In On BNY Mellon Core Bond ETF

A number of hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its position in shares of BNY Mellon Core Bond ETF by 88.2% during the first quarter. Bank of New York Mellon Corp now owns 5,280,228 shares of the company’s stock worth $222,826,000 after buying an additional 2,474,687 shares in the last quarter. Talon Private Wealth LLC raised its holdings in BNY Mellon Core Bond ETF by 2.0% in the second quarter. Talon Private Wealth LLC now owns 1,225,426 shares of the company’s stock valued at $51,407,000 after acquiring an additional 24,561 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in BNY Mellon Core Bond ETF by 13.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,084,875 shares of the company’s stock valued at $46,037,000 after acquiring an additional 126,686 shares in the last quarter. Brookstone Capital Management lifted its stake in BNY Mellon Core Bond ETF by 1.2% in the first quarter. Brookstone Capital Management now owns 998,424 shares of the company’s stock worth $42,134,000 after acquiring an additional 12,013 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in shares of BNY Mellon Core Bond ETF by 4.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 900,167 shares of the company’s stock valued at $37,762,000 after purchasing an additional 37,376 shares during the last quarter.

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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