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

BNY Mellon Core Bond ETF (NYSEARCA:BKAG)’s stock price hit a new 52-week low during trading 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 Price Performance

The business’s 50 day moving average is $41.37 and its 200 day moving average is $41.83.

BNY Mellon Core Bond ETF Cuts Dividend

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

Institutional Trading of BNY Mellon Core Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. boosted its stake in shares of BNY Mellon Core Bond ETF by 16.4% during the 2nd quarter. Raymond James Financial Inc. now owns 20,850 shares of the company’s stock valued at $879,000 after buying an additional 2,939 shares during the period. Lantern Wealth Advisors LLC purchased a new stake in shares of BNY Mellon Core Bond ETF during the 2nd quarter worth about $217,000. Equitable Holdings Inc. lifted its holdings in shares of BNY Mellon Core Bond ETF by 133.4% during the 2nd quarter. Equitable Holdings Inc. now owns 122,184 shares of the company’s stock valued at $5,154,000 after buying an additional 69,841 shares during the last quarter. First Heartland Consultants Inc. lifted its holdings in shares of BNY Mellon Core Bond ETF by 0.9% during the 2nd quarter. First Heartland Consultants Inc. now owns 186,161 shares of the company’s stock valued at $7,852,000 after buying an additional 1,730 shares during the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of BNY Mellon Core Bond ETF by 414.1% in the 2nd quarter. Advisory Services Network LLC now owns 36,409 shares of the company’s stock valued at $1,527,000 after buying an additional 29,327 shares in the last quarter.

BNY Mellon Core Bond ETF Company Profile

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.