BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Reaches New 12-Month Low – What’s Next?

Shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAGGet Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $40.98 and last traded at $40.9750, with a volume of 40924 shares trading hands. The stock had previously closed at $41.06.

BNY Mellon Core Bond ETF Stock Down 0.1%

The firm’s 50 day moving average is $41.40 and its 200 day moving average is $41.86.

BNY Mellon Core Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.146 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, August 3rd.

Institutional Trading of BNY Mellon Core Bond ETF

Several large investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new stake in shares of BNY Mellon Core Bond ETF in the 4th quarter worth about $58,000. Northwestern Mutual Wealth Management Co. increased its position in shares of BNY Mellon Core Bond ETF by 522.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518 shares of the company’s stock valued at $64,000 after buying an additional 1,274 shares during the period. IFP Advisors Inc bought a new position in BNY Mellon Core Bond ETF in the second quarter worth about $70,000. Compass Financial Management LLC bought a new position in BNY Mellon Core Bond ETF in the second quarter worth about $112,000. Finally, Lantern Wealth Advisors LLC purchased a new stake in BNY Mellon Core Bond ETF in the second quarter worth about $217,000.

About BNY Mellon Core Bond ETF

(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.

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