BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Reaches New 12-Month High – Time to Buy?

BNY Mellon Core Bond ETF (NYSEARCA:BKAGGet Free Report)’s stock price reached a new 52-week high on Monday . The company traded as high as $43.17 and last traded at $43.17, with a volume of 305 shares changing hands. The stock had previously closed at $42.36.

BNY Mellon Core Bond ETF Stock Down 0.1%

The firm has a 50 day moving average price of $42.40 and a two-hundred day moving average price of $42.50.

BNY Mellon Core Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.1379 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.9%.

Institutional Trading of BNY Mellon Core Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BKAG. Atlantic Union Bankshares Corp acquired a new stake in shares of BNY Mellon Core Bond ETF in the 3rd quarter valued at about $28,000. Princeton Global Asset Management LLC bought a new stake in BNY Mellon Core Bond ETF during the fourth quarter valued at $35,000. Kestra Advisory Services LLC bought a new position in shares of BNY Mellon Core Bond ETF in the 4th quarter worth about $58,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of BNY Mellon Core Bond ETF by 522.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518 shares of the company’s stock worth $64,000 after buying an additional 1,274 shares during the last quarter. Finally, Lantern Wealth Advisors LLC acquired a new position in shares of BNY Mellon Core Bond ETF in the 2nd quarter valued at about $217,000.

BNY Mellon Core Bond ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for BNY Mellon Core Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BNY Mellon Core Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.