Total Investment Management Inc. Grows Stake in BNY Mellon Core Bond ETF $BKAG

Total Investment Management Inc. grew its holdings in shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,705,087 shares of the company’s stock after buying an additional 23,655 shares during the quarter. BNY Mellon Core Bond ETF accounts for about 9.3% of Total Investment Management Inc.’s investment portfolio, making the stock its 7th biggest position. Total Investment Management Inc. owned 3.28% of BNY Mellon Core Bond ETF worth $72,267,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new position in shares of BNY Mellon Core Bond ETF during the third quarter valued at approximately $28,000. Princeton Global Asset Management LLC bought a new position in shares of BNY Mellon Core Bond ETF during the fourth quarter valued at approximately $35,000. Lantern Wealth Advisors LLC bought a new position in shares of BNY Mellon Core Bond ETF during the second quarter valued at approximately $217,000. Fisher Asset Management LLC bought a new position in shares of BNY Mellon Core Bond ETF during the third quarter valued at approximately $307,000. Finally, BankPlus Trust Department grew its stake in shares of BNY Mellon Core Bond ETF by 20.1% during the fourth quarter. BankPlus Trust Department now owns 8,040 shares of the company’s stock valued at $341,000 after buying an additional 1,348 shares during the last quarter.

BNY Mellon Core Bond ETF Trading Up 0.1%

Shares of NYSEARCA BKAG opened at $41.87 on Wednesday. The stock has a 50 day moving average price of $42.27 and a 200 day moving average price of $42.47. BNY Mellon Core Bond ETF has a 52-week low of $41.12 and a 52-week high of $43.07.

BNY Mellon Core Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.1379 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

BNY Mellon Core Bond ETF 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.