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. Approximately 563,341 shares were traded 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 Trading Down 0.1%

The business has a fifty day moving average price of $40.49 and a two-hundred day moving average price of $41.60.

BNY Mellon Core Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were issued a $0.1518 dividend. The ex-dividend date was Monday, November 2nd. This represents a $1.82 annualized dividend and a dividend yield of 4.5%. This is a drop from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.2430.

Institutional Trading of BNY Mellon Core Bond ETF

Several hedge funds have recently modified their holdings of the stock. Advisor Resource Council lifted its position in shares of BNY Mellon Core Bond ETF by 3.7% during the 3rd quarter. Advisor Resource Council now owns 9,528 shares of the company’s stock worth $379,000 after purchasing an additional 338 shares during the last quarter. M Holdings Securities Inc. increased its stake in BNY Mellon Core Bond ETF by 37.8% in the third quarter. M Holdings Securities Inc. now owns 83,295 shares of the company’s stock valued at $3,385,000 after purchasing an additional 22,856 shares during the period. Commonwealth Equity Services LLC purchased a new stake in BNY Mellon Core Bond ETF during the 3rd quarter valued at approximately $325,000. VestGen Advisors LLC raised its stake in shares of BNY Mellon Core Bond ETF by 20.8% during the third quarter. VestGen Advisors LLC now owns 47,219 shares of the company’s stock worth $1,892,000 after purchasing an additional 8,125 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in shares of BNY Mellon Core Bond ETF in the 3rd quarter worth $2,097,000.

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.