BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sees Strong Trading Volume – What’s Next?

Shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG) saw an uptick in trading volume on Friday . 344,298 shares traded hands during trading, an increase of 249% from the previous session’s volume of 98,527 shares.The stock last traded at $40.82 and had previously closed at $41.00.

BNY Mellon Core Bond ETF Stock Down 0.4 %

The company has a 50-day simple moving average of $41.65 and a two-hundred day simple moving average of $42.17.

BNY Mellon Core Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a dividend of $0.1477 per share. The ex-dividend date was Friday, November 1st.

Hedge Funds Weigh In On BNY Mellon Core Bond ETF

Several large investors have recently bought and sold shares of the stock. Brookstone Capital Management acquired a new stake in shares of BNY Mellon Core Bond ETF in the third quarter valued at $125,794,000. RPOA Advisors Inc. boosted its position in shares of BNY Mellon Core Bond ETF by 4.0% during the 3rd quarter. RPOA Advisors Inc. now owns 27,895,847 shares of the company’s stock valued at $1,203,706,000 after purchasing an additional 1,083,401 shares in the last quarter. GM Advisory Group LLC grew its stake in shares of BNY Mellon Core Bond ETF by 148.0% in the 3rd quarter. GM Advisory Group LLC now owns 326,600 shares of the company’s stock worth $14,093,000 after purchasing an additional 194,921 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of BNY Mellon Core Bond ETF by 31.9% in the 3rd quarter. CENTRAL TRUST Co now owns 467,241 shares of the company’s stock worth $20,161,000 after purchasing an additional 112,985 shares during the last quarter. Finally, Tanager Wealth Management LLP raised its holdings in shares of BNY Mellon Core Bond ETF by 10.3% in the 3rd quarter. Tanager Wealth Management LLP now owns 581,070 shares of the company’s stock worth $25,073,000 after purchasing an additional 54,155 shares in 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.