BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Reaches New 52-Week High – Here’s Why

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) reached a new 52-week high during trading on Friday . The stock traded as high as $43.07 and last traded at $43.05, with a volume of 84355 shares. The stock had previously closed at $42.94.

BNY Mellon Core Bond ETF Price Performance

The stock’s fifty day moving average price is $42.57 and its two-hundred day moving average price is $42.55.

BNY Mellon Core Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1387 per share. This is a positive change from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.9%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Carolina Wealth Advisors LLC lifted its stake in BNY Mellon Core Bond ETF by 1,870.3% during the third quarter. Carolina Wealth Advisors LLC now owns 310,417 shares of the company’s stock worth $13,224,000 after purchasing an additional 294,662 shares during the last quarter. RPOA Advisors Inc. raised its stake in BNY Mellon Core Bond ETF by 0.9% during the 3rd quarter. RPOA Advisors Inc. now owns 25,943,647 shares of the company’s stock worth $1,105,199,000 after acquiring an additional 239,571 shares in the last quarter. Wealth Forward LLC purchased a new stake in BNY Mellon Core Bond ETF in the third quarter valued at $8,518,000. Bank of New York Mellon Corp boosted its stake in BNY Mellon Core Bond ETF by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 2,901,153 shares of the company’s stock valued at $122,371,000 after acquiring an additional 186,061 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its holdings in shares of BNY Mellon Core Bond ETF by 17.4% during the third quarter. Aptus Capital Advisors LLC now owns 958,189 shares of the company’s stock worth $40,819,000 after purchasing an additional 142,260 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.