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

Shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG) saw an uptick in trading volume on Monday . 326,669 shares changed hands during mid-day trading, an increase of 84% from the previous session’s volume of 177,651 shares.The stock last traded at $42.62 and had previously closed at $42.52.

BNY Mellon Core Bond ETF Stock Performance

The business’s 50-day moving average is $42.00 and its two-hundred day moving average is $41.84.

BNY Mellon Core Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 5th. Investors of record on Tuesday, September 2nd were given a dividend of $0.1424 per share. The ex-dividend date was Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

Hedge Funds Weigh In On BNY Mellon Core Bond ETF

A number of institutional investors have recently added to or reduced their stakes in BKAG. True Vision MN LLC raised its stake in shares of BNY Mellon Core Bond ETF by 7.3% during the 1st quarter. True Vision MN LLC now owns 6,584 shares of the company’s stock worth $277,000 after purchasing an additional 447 shares during the period. BankPlus Trust Department boosted its stake in shares of BNY Mellon Core Bond ETF by 17.0% during the first quarter. BankPlus Trust Department now owns 5,686 shares of the company’s stock valued at $240,000 after purchasing an additional 826 shares during the period. United Advisor Group LLC raised its holdings in shares of BNY Mellon Core Bond ETF by 2.8% during the second quarter. United Advisor Group LLC now owns 33,458 shares of the company’s stock valued at $1,411,000 after acquiring an additional 921 shares in the last quarter. Key Financial Inc purchased a new stake in shares of BNY Mellon Core Bond ETF in the second quarter worth $53,000. Finally, Cetera Investment Advisers boosted its position in shares of BNY Mellon Core Bond ETF by 2.5% during the second quarter. Cetera Investment Advisers now owns 60,106 shares of the company’s stock valued at $2,535,000 after buying an additional 1,477 shares during 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.