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

BNY Mellon Core Bond ETF (NYSEARCA:BKAG)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $41.27 and last traded at $41.27, with a volume of 12162 shares traded. The stock had previously closed at $41.40.

BNY Mellon Core Bond ETF Stock Down 0.3%

The company has a fifty day moving average of $41.76 and a two-hundred day moving average of $42.15.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of BNY Mellon Core Bond ETF by 88.2% in the 1st quarter. Bank of New York Mellon Corp now owns 5,280,228 shares of the company’s stock valued at $222,826,000 after acquiring an additional 2,474,687 shares during the last quarter. Total Investment Management Inc. lifted its stake in BNY Mellon Core Bond ETF by 1.4% during the fourth quarter. Total Investment Management Inc. now owns 1,705,087 shares of the company’s stock worth $72,267,000 after purchasing an additional 23,655 shares during the last quarter. Tanager Wealth Management LLP lifted its stake in BNY Mellon Core Bond ETF by 4.8% during the fourth quarter. Tanager Wealth Management LLP now owns 1,256,294 shares of the company’s stock worth $53,266,000 after purchasing an additional 57,127 shares during the last quarter. Talon Private Wealth LLC acquired a new position in BNY Mellon Core Bond ETF in the first quarter worth $50,677,000. Finally, Aptus Capital Advisors LLC boosted its holdings in BNY Mellon Core Bond ETF by 13.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,084,875 shares of the company’s stock worth $46,037,000 after purchasing an additional 126,686 shares during the period.

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.