BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Reaches New 1-Year Low – Here’s What Happened

Shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG) hit a new 52-week low during trading on Wednesday. The company traded as low as $39.67 and last traded at $39.7560, with a volume of 2587 shares. The stock had previously closed at $39.78.

BNY Mellon Core Bond ETF Trading Up 0.4%

The firm’s fifty day moving average price is $40.88 and its two-hundred day moving average price is $41.52.

BNY Mellon Core Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.2430 per share. The ex-dividend date was Thursday, October 1st. This represents a $2.92 dividend on an annualized basis and a yield of 7.3%. This is a boost from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.1406.

Hedge Funds Weigh In On BNY Mellon Core Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp increased its position 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 acquiring an additional 2,474,687 shares during the last quarter. Talon Private Wealth LLC boosted its position 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 worth $51,407,000 after purchasing an additional 24,561 shares during the last quarter. Aptus Capital Advisors LLC boosted its position 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 worth $46,037,000 after purchasing an additional 126,686 shares during the last quarter. Brookstone Capital Management grew its stake in shares of BNY Mellon Core Bond ETF by 1.2% during the 1st 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 grew its stake in shares of BNY Mellon Core Bond ETF by 4.3% during 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 period.

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.