BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sees Large Volume Increase – Should You Buy?

Shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG) saw unusually-high trading volume on Tuesday . 798,436 shares were traded during mid-day trading, an increase of 337% from the previous session’s volume of 182,834 shares.The stock last traded at $41.44 and had previously closed at $41.54.

BNY Mellon Core Bond ETF Stock Down 0.2%

The firm’s fifty day moving average is $41.76 and its 200-day moving average is $42.15.

Institutional Investors Weigh In On BNY Mellon Core Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted 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 purchasing an additional 2,474,687 shares during the last quarter. Total Investment Management Inc. increased its holdings in BNY Mellon Core Bond ETF by 1.4% in the fourth quarter. Total Investment Management Inc. now owns 1,705,087 shares of the company’s stock valued at $72,267,000 after buying an additional 23,655 shares during the last quarter. Tanager Wealth Management LLP raised its stake in BNY Mellon Core Bond ETF by 4.8% during the fourth quarter. Tanager Wealth Management LLP now owns 1,256,294 shares of the company’s stock valued at $53,266,000 after buying an additional 57,127 shares in the last quarter. Talon Private Wealth LLC acquired a new stake in BNY Mellon Core Bond ETF during the first quarter valued at approximately $50,677,000. Finally, Aptus Capital Advisors LLC lifted its holdings in BNY Mellon Core Bond ETF by 13.2% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,084,875 shares of the company’s stock worth $46,037,000 after buying an additional 126,686 shares during the last quarter.

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.