BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sees Strong Trading Volume – Still a Buy?

BNY Mellon Core Bond ETF (NYSEARCA:BKAG – Get Free Report) saw an uptick in trading volume on Thursday. Approximately 928,991 shares were traded during mid-day trading, an increase of 172% from the previous session’s volume of 341,994 shares. The stock last traded at $40.3450 and had previously closed at $40.11.

BNY Mellon Core Bond ETF Price Performance

The business’s fifty day simple moving average is $40.78 and its two-hundred day simple moving average is $41.46.

BNY Mellon Core Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.2430 per share. This represents a $2.92 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend was Thursday, October 1st. This is an increase from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.1406.

Institutional Investors Weigh In On BNY Mellon Core Bond ETF

A number of institutional investors have recently modified their holdings of BKAG. Bank of New York Mellon Corp lifted its holdings in 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 valued at $222,826,000 after purchasing an additional 2,474,687 shares in the last quarter. Talon Private Wealth LLC grew its position in shares of 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 purchasing an additional 24,561 shares during the period. Signal Advisors Wealth LLC grew its position in shares of BNY Mellon Core Bond ETF by 7.4% in the third quarter. Signal Advisors Wealth LLC now owns 1,140,641 shares of the company’s stock valued at $45,703,000 after purchasing an additional 78,172 shares during the period. Brookstone Capital Management grew its position in shares of 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 valued at $42,134,000 after purchasing an additional 12,013 shares during the period. Finally, Integrated Wealth Concepts LLC increased its stake in shares of BNY Mellon Core Bond ETF by 4.3% during the second quarter. Integrated Wealth Concepts LLC now owns 900,167 shares of the company’s stock worth $37,762,000 after purchasing an additional 37,376 shares in the last quarter.

About BNY Mellon Core Bond ETF

(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.

Further Reading

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