BNY Mellon High Yield ETF $BKHY Stock Position Lowered by RPOA Advisors Inc.

RPOA Advisors Inc. cut its stake in shares of BNY Mellon High Yield ETF (NYSEARCA:BKHY) by 1.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,665,743 shares of the company’s stock after selling 51,660 shares during the quarter. BNY Mellon High Yield ETF accounts for 5.8% of RPOA Advisors Inc.’s portfolio, making the stock its 5th biggest position. RPOA Advisors Inc. owned 0.59% of BNY Mellon High Yield ETF worth $227,226,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its position in BNY Mellon High Yield ETF by 10.1% in the first quarter. Geneos Wealth Management Inc. now owns 7,604 shares of the company’s stock valued at $362,000 after purchasing an additional 698 shares during the last quarter. MGO One Seven LLC bought a new position in shares of BNY Mellon High Yield ETF in the second quarter worth approximately $277,000. Assetmark Inc. increased its stake in shares of BNY Mellon High Yield ETF by 6.4% in the second quarter. Assetmark Inc. now owns 214,649 shares of the company’s stock worth $10,364,000 after buying an additional 12,894 shares during the period. Heritage Oak Wealth Advisors LLC raised its holdings in BNY Mellon High Yield ETF by 16.6% during the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 60,132 shares of the company’s stock valued at $2,903,000 after buying an additional 8,565 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in BNY Mellon High Yield ETF by 27.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 548,255 shares of the company’s stock valued at $26,472,000 after buying an additional 119,039 shares during the last quarter.

BNY Mellon High Yield ETF Price Performance

Shares of BNY Mellon High Yield ETF stock opened at $48.26 on Wednesday. The company’s fifty day simple moving average is $48.29 and its two-hundred day simple moving average is $48.22. BNY Mellon High Yield ETF has a 12-month low of $42.33 and a 12-month high of $48.89.

BNY Mellon High Yield ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, December 1st were issued a dividend of $0.2478 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Monday, December 1st.

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.