BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sets New 12-Month Low – What’s Next?

Shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG) hit a new 52-week low during trading on Tuesday. The company traded as low as $40.01 and last traded at $40.0150, with a volume of 29101 shares traded. The stock had previously closed at $40.10.

BNY Mellon Core Bond ETF Stock Performance

The stock’s 50-day moving average price is $41.11 and its 200 day moving average price is $41.64.

BNY Mellon Core Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were given a dividend of $0.1460 per share. This is a drop from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.1561. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.75 dividend on an annualized basis and a yield of 4.4%.

Institutional Investors Weigh In On BNY Mellon Core Bond ETF

Hedge funds have recently made changes to their positions in the company. Lord & Richards Wealth Management LLC boosted its position in shares of BNY Mellon Core Bond ETF by 0.3% in the 1st quarter. Lord & Richards Wealth Management LLC now owns 239,716 shares of the company’s stock worth $10,116,000 after purchasing an additional 750 shares in the last quarter. Guardian Wealth Advisors LLC NC raised its position in shares of BNY Mellon Core Bond ETF by 1.6% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 83,553 shares of the company’s stock valued at $3,541,000 after purchasing an additional 1,315 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of BNY Mellon Core Bond ETF by 7.2% in the 1st quarter. Sanctuary Advisors LLC now owns 20,691 shares of the company’s stock valued at $873,000 after purchasing an additional 1,390 shares during the last quarter. IFP Advisors Inc acquired a new stake in BNY Mellon Core Bond ETF in the 2nd quarter worth approximately $70,000. Finally, Stiles Financial Services Inc boosted its stake in BNY Mellon Core Bond ETF by 6.2% in the 1st quarter. Stiles Financial Services Inc now owns 32,825 shares of the company’s stock worth $1,385,000 after purchasing an additional 1,909 shares in 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.