BNY Mellon High Yield ETF (NYSEARCA:BKHY) Raises Dividend to $0.28 Per Share

BNY Mellon High Yield ETF (NYSEARCA:BKHY) declared a monthly dividend on Wednesday, September 30th. Investors of record on Thursday, October 1st will be given a dividend of $0.2825 per share on Tuesday, October 6th. This represents a $3.39 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Thursday, October 1st. This is a 10.0% increase from BNY Mellon High Yield ETF’s previous monthly dividend of $0.2569.

BNY Mellon High Yield ETF Trading Down 0.3%

Shares of BKHY stock opened at $45.84 on Thursday. BNY Mellon High Yield ETF has a 1 year low of $45.83 and a 1 year high of $48.73. The firm’s fifty day moving average price is $46.99 and its two-hundred day moving average price is $47.30.

Institutional Trading of BNY Mellon High Yield ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in BNY Mellon High Yield ETF by 4.4% during the first quarter. Royal Bank of Canada now owns 9,434 shares of the company’s stock worth $447,000 after acquiring an additional 394 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of BNY Mellon High Yield ETF by 6,208.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 11,859 shares of the company’s stock worth $570,000 after purchasing an additional 11,671 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of BNY Mellon High Yield ETF by 9.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,460 shares of the company’s stock valued at $780,000 after buying an additional 1,360 shares during the last quarter. Rodgers & Associates LTD grew its stake in shares of BNY Mellon High Yield ETF by 4.7% in the second quarter. Rodgers & Associates LTD now owns 32,124 shares of the company’s stock valued at $932,000 after buying an additional 1,439 shares in the last quarter. Finally, Symphony Financial Ltd. Co. increased its holdings in BNY Mellon High Yield ETF by 7.9% during the second quarter. Symphony Financial Ltd. Co. now owns 20,841 shares of the company’s stock worth $992,000 after buying an additional 1,533 shares during the last quarter.

BNY Mellon High Yield ETF Company Profile

The BNY Mellon High Yield Beta ETF (BKHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index of USD-denominated high yield corporate bonds with broad maturities. BKHY was launched on Apr 24, 2020 and is managed by BNY Mellon.