BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sees Large Volume Increase – Time to Buy?

BNY Mellon Core Bond ETF (NYSEARCA:BKAGGet Free Report) shares saw strong trading volume on Friday . 290,792 shares traded hands during mid-day trading, an increase of 74% from the previous session’s volume of 166,956 shares.The stock last traded at $42.5950 and had previously closed at $42.57.

BNY Mellon Core Bond ETF Trading Up 0.0%

The company has a 50 day moving average of $42.64 and a 200-day moving average of $42.09.

BNY Mellon Core Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were issued a $0.1487 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, November 3rd.

Institutional Trading of BNY Mellon Core Bond ETF

Several institutional investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp acquired a new stake in BNY Mellon Core Bond ETF during the 3rd quarter worth $28,000. Key Financial Inc purchased a new position in BNY Mellon Core Bond ETF during the 2nd quarter worth approximately $53,000. Lantern Wealth Advisors LLC acquired a new stake in shares of BNY Mellon Core Bond ETF in the second quarter valued at approximately $217,000. Empower Advisory Group LLC purchased a new stake in BNY Mellon Core Bond ETF in the 2nd quarter valued at $221,000. Finally, BankPlus Trust Department boosted its stake in BNY Mellon Core Bond ETF by 17.0% during the 1st quarter. BankPlus Trust Department now owns 5,686 shares of the company’s stock worth $240,000 after purchasing an additional 826 shares during the period.

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.

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