BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sees Large Volume Increase – Here’s Why

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) shares saw unusually-high trading volume on Tuesday . Approximately 798,436 shares were traded during mid-day trading, an increase of 337% from the previous session’s volume of 182,834 shares.The stock last traded at $41.44 and had previously closed at $41.54.

BNY Mellon Core Bond ETF Trading Down 0.2%

The company has a 50-day moving average of $41.78 and a 200 day moving average of $42.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. lifted its position in BNY Mellon Core Bond ETF by 4.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 13,000 shares of the company’s stock worth $551,000 after buying an additional 547 shares in the last quarter. Lord & Richards Wealth Management LLC grew its holdings in BNY Mellon Core Bond ETF by 0.3% during the 1st quarter. Lord & Richards Wealth Management LLC now owns 239,716 shares of the company’s stock worth $10,116,000 after acquiring an additional 750 shares during the last quarter. Wells Fargo & Company MN increased its position in BNY Mellon Core Bond ETF by 9.0% in the 4th quarter. Wells Fargo & Company MN now owns 9,946 shares of the company’s stock valued at $422,000 after acquiring an additional 820 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in BNY Mellon Core Bond ETF in the 4th quarter valued at about $35,000. Finally, BankPlus Wealth Management LLC raised its stake in shares of BNY Mellon Core Bond ETF by 2.3% in the fourth quarter. BankPlus Wealth Management LLC now owns 38,479 shares of the company’s stock worth $1,631,000 after acquiring an additional 879 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.