BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sees Large Volume Increase – What’s Next?

Shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG) saw unusually-high trading volume on Thursday. 928,991 shares traded hands during 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 Stock Up 0.0%

The company’s 50 day moving average price is $40.74 and its 200 day moving average price is $41.45.

BNY Mellon Core Bond ETF Increases Dividend

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

Hedge Funds Weigh In On BNY Mellon Core Bond ETF

Institutional investors have recently bought and sold shares of the business. Signal Advisors Wealth LLC raised its holdings in BNY Mellon Core Bond ETF by 7.4% during the 3rd quarter. Signal Advisors Wealth LLC now owns 1,140,641 shares of the company’s stock worth $45,703,000 after purchasing an additional 78,172 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in BNY Mellon Core Bond ETF during the 2nd quarter valued at about $2,039,000. CENTRAL TRUST Co boosted its stake in shares of BNY Mellon Core Bond ETF by 10.5% in the 1st quarter. CENTRAL TRUST Co now owns 703,812 shares of the company’s stock valued at $29,701,000 after purchasing an additional 66,738 shares during the last quarter. Krilogy Financial LLC bought a new position in shares of BNY Mellon Core Bond ETF in the 1st quarter valued at about $695,000. Finally, Lord & Richards Wealth Management LLC boosted its stake in shares of BNY Mellon Core Bond ETF by 6.5% in the 2nd quarter. Lord & Richards Wealth Management LLC now owns 255,358 shares of the company’s stock valued at $10,712,000 after purchasing an additional 15,642 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.