BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Hits New 1-Year Low – Here’s Why

BNY Mellon Core Bond ETF (NYSEARCA:BKAG)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $40.57 and last traded at $40.5450, with a volume of 43902 shares. The stock had previously closed at $40.79.

BNY Mellon Core Bond ETF Stock Down 0.9%

The firm’s 50 day simple moving average is $41.22 and its 200-day simple moving average is $41.71.

BNY Mellon Core Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On BNY Mellon Core Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in BNY Mellon Core Bond ETF by 88.2% in the 1st quarter. Bank of New York Mellon Corp now owns 5,280,228 shares of the company’s stock valued at $222,826,000 after buying an additional 2,474,687 shares during the period. Talon Private Wealth LLC lifted its stake in shares of BNY Mellon Core Bond ETF by 2.0% in the 2nd quarter. Talon Private Wealth LLC now owns 1,225,426 shares of the company’s stock worth $51,407,000 after acquiring an additional 24,561 shares during the period. Aptus Capital Advisors LLC lifted its stake in shares of BNY Mellon Core Bond ETF by 13.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,084,875 shares of the company’s stock worth $46,037,000 after acquiring an additional 126,686 shares during the period. Brookstone Capital Management boosted its holdings in shares of BNY Mellon Core Bond ETF by 1.2% in the first quarter. Brookstone Capital Management now owns 998,424 shares of the company’s stock valued at $42,134,000 after acquiring an additional 12,013 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of BNY Mellon Core Bond ETF by 4.3% in the second quarter. Integrated Wealth Concepts LLC now owns 900,167 shares of the company’s stock valued at $37,762,000 after acquiring an additional 37,376 shares in the last quarter.

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.