BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Reaches New 1-Year Low – What’s Next?

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) reached a new 52-week low during trading on Tuesday . The company traded as low as $41.06 and last traded at $41.09, with a volume of 6437 shares trading hands. The stock had previously closed at $41.29.

BNY Mellon Core Bond ETF Trading Up 0.1%

The company’s fifty day simple moving average is $41.48 and its two-hundred day simple moving average is $41.91.

BNY Mellon Core Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, September 4th. Investors of record on Tuesday, September 1st will be paid a $0.1406 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, September 1st.

Institutional Trading of BNY Mellon Core Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC grew its position in shares of BNY Mellon Core Bond ETF by 195.8% in the 1st quarter. NewEdge Advisors LLC now owns 60,984 shares of the company’s stock worth $26,000 after acquiring an additional 40,369 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of BNY Mellon Core Bond ETF during the 4th quarter valued at approximately $58,000. Northwestern Mutual Wealth Management Co. raised its position in shares of BNY Mellon Core Bond ETF by 522.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518 shares of the company’s stock valued at $64,000 after acquiring an additional 1,274 shares in the last quarter. Compass Financial Management LLC bought a new position in BNY Mellon Core Bond ETF during the second quarter worth $112,000. Finally, Trust Co. of Vermont bought a new position in BNY Mellon Core Bond ETF during the second quarter worth $163,000.

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.