BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Hits New 1-Year Low – Should You Sell?

BNY Mellon Core Bond ETF (NYSEARCA:BKAG)’s share price reached a new 52-week low on Tuesday . The company traded as low as $40.58 and last traded at $40.66, with a volume of 148228 shares traded. The stock had previously closed at $40.70.

BNY Mellon Core Bond ETF Price Performance

The company has a 50-day moving average price of $41.28 and a 200-day moving average price of $41.76.

BNY Mellon Core Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BKAG. NewEdge Advisors LLC boosted its position in shares of BNY Mellon Core Bond ETF by 195.8% in the first quarter. NewEdge Advisors LLC now owns 60,984 shares of the company’s stock valued at $26,000 after acquiring an additional 40,369 shares during the period. IFP Advisors Inc acquired a new stake in BNY Mellon Core Bond ETF in the 2nd quarter worth $70,000. Compass Financial Management LLC acquired a new stake in BNY Mellon Core Bond ETF in the 2nd quarter worth $112,000. Trust Co. of Vermont acquired a new stake in BNY Mellon Core Bond ETF in the 2nd quarter worth $163,000. Finally, Bouchey Financial Group Ltd. bought a new position in shares of BNY Mellon Core Bond ETF during the 2nd quarter worth about $247,000.

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.