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

Shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAGGet Free Report) saw strong trading volume on Wednesday . Approximately 759,235 shares traded hands during trading, an increase of 297% from the previous session’s volume of 191,050 shares.The stock last traded at $41.33 and had previously closed at $41.28.

BNY Mellon Core Bond ETF Price Performance

The firm’s fifty day moving average price is $41.65 and its 200-day moving average price is $42.04.

Hedge Funds Weigh In On BNY Mellon Core Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of BKAG. Trust Co. of Vermont bought a new stake in BNY Mellon Core Bond ETF during the 2nd quarter worth approximately $132,000. Carolina Wealth Advisors LLC lifted its stake in BNY Mellon Core Bond ETF by 1.9% in the second quarter. Carolina Wealth Advisors LLC now owns 306,994 shares of the company’s stock valued at $12,878,000 after buying an additional 5,776 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of 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 valued at $2,574,000 after buying an additional 40,369 shares during the period. Maripau Wealth Management LLC boosted its holdings in shares of BNY Mellon Core Bond ETF by 7.8% in the first quarter. Maripau Wealth Management LLC now owns 146,567 shares of the company’s stock valued at $6,185,000 after buying an additional 10,591 shares during the period. Finally, Talon Private Wealth LLC bought a new stake in shares of BNY Mellon Core Bond ETF during the first quarter worth $50,677,000.

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.

Further Reading

Receive News & Ratings for BNY Mellon Core Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BNY Mellon Core Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.