IFP Advisors Inc Raises Stock Holdings in BNY Mellon High Yield ETF $BKHY

IFP Advisors Inc increased its position in BNY Mellon High Yield ETF (NYSEARCA:BKHY) by 23.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,112 shares of the company’s stock after acquiring an additional 1,741 shares during the period. IFP Advisors Inc owned approximately 0.12% of BNY Mellon High Yield ETF worth $440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Heritage Oak Wealth Advisors LLC raised its stake in BNY Mellon High Yield ETF by 16.6% in the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 60,132 shares of the company’s stock worth $2,903,000 after acquiring an additional 8,565 shares during the last quarter. Geneos Wealth Management Inc. grew its position in BNY Mellon High Yield ETF by 10.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,604 shares of the company’s stock worth $362,000 after purchasing an additional 698 shares during the period. OLD Mission Capital LLC acquired a new stake in BNY Mellon High Yield ETF during the 1st quarter worth about $388,000. Freedom Investment Management Inc. grew its position in BNY Mellon High Yield ETF by 4.8% during the 1st quarter. Freedom Investment Management Inc. now owns 13,132 shares of the company’s stock worth $625,000 after purchasing an additional 605 shares during the period. Finally, TFB Advisors LLC grew its position in BNY Mellon High Yield ETF by 11.0% during the 1st quarter. TFB Advisors LLC now owns 6,139 shares of the company’s stock worth $292,000 after purchasing an additional 609 shares during the period.

BNY Mellon High Yield ETF Stock Down 0.1%

Shares of BKHY opened at $48.29 on Wednesday. The business’s 50-day moving average is $48.42 and its two-hundred day moving average is $47.82. BNY Mellon High Yield ETF has a fifty-two week low of $42.33 and a fifty-two week high of $48.92.

BNY Mellon High Yield ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.2989 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 7.4%. This is an increase from BNY Mellon High Yield ETF’s previous monthly dividend of $0.27.

About BNY Mellon High Yield ETF

The BNY Mellon High Yield Beta ETF (BKHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index of USD-denominated high yield corporate bonds with broad maturities. BKHY was launched on Apr 24, 2020 and is managed by BNY Mellon.