BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sets New 1-Year High – Should You Buy?

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $43.22 and last traded at $43.22, with a volume of 210 shares. The stock had previously closed at $42.07.

BNY Mellon Core Bond ETF Trading Up 0.1%

The company has a fifty day moving average of $42.43 and a two-hundred day moving average of $42.52.

BNY Mellon Core Bond ETF Cuts Dividend

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

Institutional Trading of BNY Mellon Core Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. raised its holdings in BNY Mellon Core Bond ETF by 1.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 133,364 shares of the company’s stock valued at $5,652,000 after buying an additional 2,208 shares during the period. NewEdge Advisors LLC purchased a new stake in BNY Mellon Core Bond ETF during the 4th quarter valued at $874,000. Strong Retirement Solutions LLC purchased a new stake in BNY Mellon Core Bond ETF during the 4th quarter valued at $556,000. Advisory Services Network LLC raised its holdings in BNY Mellon Core Bond ETF by 19.9% during the 4th quarter. Advisory Services Network LLC now owns 53,253 shares of the company’s stock valued at $2,257,000 after buying an additional 8,825 shares during the period. Finally, Guardian Wealth Advisors LLC NC raised its holdings in BNY Mellon Core Bond ETF by 1.6% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 83,553 shares of the company’s stock valued at $3,541,000 after buying an additional 1,315 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.