BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sees Strong Trading Volume – Still a Buy?

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) saw strong trading volume on Thursday. 928,991 shares were traded during mid-day trading, an increase of 172% from the previous session’s volume of 341,994 shares. The stock last traded at $40.3450 and had previously closed at $40.11.

BNY Mellon Core Bond ETF Stock Performance

The business’s 50-day moving average is $40.78 and its two-hundred day moving average is $41.46.

BNY Mellon Core Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.2430 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date was Thursday, October 1st. This is a positive change from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.1406.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in shares of BNY Mellon Core Bond ETF by 88.2% during the 1st quarter. Bank of New York Mellon Corp now owns 5,280,228 shares of the company’s stock worth $222,826,000 after purchasing an additional 2,474,687 shares during the last quarter. Talon Private Wealth LLC grew its position in shares of BNY Mellon Core Bond ETF by 2.0% in the second quarter. Talon Private Wealth LLC now owns 1,225,426 shares of the company’s stock valued at $51,407,000 after purchasing an additional 24,561 shares in the last quarter. Signal Advisors Wealth LLC grew its position in shares of BNY Mellon Core Bond ETF by 7.4% in the third quarter. Signal Advisors Wealth LLC now owns 1,140,641 shares of the company’s stock valued at $45,703,000 after purchasing an additional 78,172 shares in the last quarter. Brookstone Capital Management grew its position 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 purchasing an additional 12,013 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased 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 purchasing an additional 37,376 shares during 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.