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

Shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG) saw unusually-strong trading volume on Tuesday . Approximately 1,801,203 shares changed hands during mid-day trading, an increase of 722% from the previous session’s volume of 219,099 shares.The stock last traded at $42.34 and had previously closed at $42.24.

BNY Mellon Core Bond ETF Stock Up 0.2%

The company’s 50 day moving average is $42.57 and its 200 day moving average is $42.58.

BNY Mellon Core Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1379 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

Institutional Trading of BNY Mellon Core Bond ETF

A number of large investors have recently modified their holdings of BKAG. Empower Advisory Group LLC bought a new position in BNY Mellon Core Bond ETF in the second quarter worth approximately $221,000. Cetera Investment Advisers lifted its holdings in shares of BNY Mellon Core Bond ETF by 2.5% in the 2nd quarter. Cetera Investment Advisers now owns 60,106 shares of the company’s stock worth $2,535,000 after buying an additional 1,477 shares during the period. United Advisor Group LLC lifted its holdings in shares of BNY Mellon Core Bond ETF by 2.8% in the 2nd quarter. United Advisor Group LLC now owns 33,458 shares of the company’s stock worth $1,411,000 after buying an additional 921 shares during the period. CreativeOne Wealth LLC bought a new position in shares of BNY Mellon Core Bond ETF during the 2nd quarter worth $376,000. Finally, GM Advisory Group LLC grew its position in shares of BNY Mellon Core Bond ETF by 3.1% during the 2nd quarter. GM Advisory Group LLC now owns 573,915 shares of the company’s stock worth $24,208,000 after buying an additional 17,035 shares in the last quarter.

About BNY Mellon Core Bond ETF

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.