BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Hits New 52-Week Low – What’s Next?

Shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG) reached a new 52-week low during trading on Wednesday. The company traded as low as $39.67 and last traded at $39.7560, with a volume of 2587 shares traded. The stock had previously closed at $39.78.

BNY Mellon Core Bond ETF Trading Down 0.2%

The stock’s 50 day moving average is $40.94 and its 200 day moving average is $41.55.

BNY Mellon Core Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.2430 dividend. This represents a $2.92 annualized dividend and a dividend yield of 7.3%. This is a positive change from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.1406. The ex-dividend date was Thursday, October 1st.

Institutional Investors Weigh In On BNY Mellon Core Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. lifted its stake in BNY Mellon Core Bond ETF by 30.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 24,166 shares of the company’s stock valued at $1,014,000 after purchasing an additional 5,650 shares during the last quarter. Envestnet Asset Management Inc. grew its position in BNY Mellon Core Bond ETF by 2.1% in the second quarter. Envestnet Asset Management Inc. now owns 104,107 shares of the company’s stock worth $4,367,000 after buying an additional 2,171 shares during the last quarter. Talon Private Wealth LLC grew its position in BNY Mellon Core Bond ETF by 2.0% in the second quarter. Talon Private Wealth LLC now owns 1,225,426 shares of the company’s stock worth $51,407,000 after buying an additional 24,561 shares during the last quarter. Bouchey Financial Group Ltd. bought a new position in shares of BNY Mellon Core Bond ETF in the second quarter valued at $247,000. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of BNY Mellon Core Bond ETF by 4.3% in the second quarter. Integrated Wealth Concepts LLC now owns 900,167 shares of the company’s stock valued at $37,762,000 after buying an additional 37,376 shares in the last quarter.

About BNY Mellon Core Bond ETF

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.