BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sees Unusually-High Trading Volume – Here’s What Happened

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) shares saw an uptick in trading volume on Monday. 563,341 shares changed hands during trading, an increase of 66% from the average daily volume of 338,724 shares. The stock last traded at $40.7850 and had previously closed at $40.78.

BNY Mellon Core Bond ETF Price Performance

The company has a 50-day moving average of $40.51 and a 200-day moving average of $41.62.

BNY Mellon Core Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were paid a $0.1518 dividend. The ex-dividend date of this dividend was Monday, November 2nd. This is a decrease from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.2430. This represents a $1.82 dividend on an annualized basis and a yield of 4.5%.

Institutional Investors Weigh In On BNY Mellon Core Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake 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 buying an additional 2,474,687 shares during the last quarter. Talon Private Wealth LLC acquired a new stake in shares of BNY Mellon Core Bond ETF in the first quarter valued at about $50,677,000. Royal Bank of Canada increased its position in shares of BNY Mellon Core Bond ETF by 172,097.1% in the first quarter. Royal Bank of Canada now owns 471,820 shares of the company’s stock valued at $19,911,000 after acquiring an additional 471,546 shares during the last quarter. Signal Advisors Wealth LLC increased 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 acquiring an additional 78,172 shares during the last quarter. Finally, Glen Eagle Advisors LLC raised its holdings in BNY Mellon Core Bond ETF by 8.5% during the first quarter. Glen Eagle Advisors LLC now owns 716,350 shares of the company’s stock worth $30,230,000 after acquiring an additional 56,353 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.