RPOA Advisors Inc. Cuts Stock Holdings in BNY Mellon High Yield ETF $BKHY

RPOA Advisors Inc. reduced its stake in shares of BNY Mellon High Yield ETF (NYSEARCA:BKHY) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,717,403 shares of the company’s stock after selling 169,176 shares during the period. BNY Mellon High Yield ETF accounts for approximately 6.1% of RPOA Advisors Inc.’s portfolio, making the stock its 5th biggest holding. RPOA Advisors Inc. owned 0.63% of BNY Mellon High Yield ETF worth $227,777,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MGO One Seven LLC bought a new stake in shares of BNY Mellon High Yield ETF during the 2nd quarter worth $277,000. Arkadios Wealth Advisors boosted its holdings in shares of BNY Mellon High Yield ETF by 3.9% during the 1st quarter. Arkadios Wealth Advisors now owns 6,040 shares of the company’s stock worth $288,000 after buying an additional 227 shares during the period. TFB Advisors LLC boosted its holdings in shares of BNY Mellon High Yield ETF by 11.0% during the 1st quarter. TFB Advisors LLC now owns 6,139 shares of the company’s stock worth $292,000 after buying an additional 609 shares during the period. IFP Advisors Inc boosted its holdings in shares of BNY Mellon High Yield ETF by 14.6% during the 1st quarter. IFP Advisors Inc now owns 7,371 shares of the company’s stock worth $351,000 after buying an additional 938 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of BNY Mellon High Yield ETF by 10.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,604 shares of the company’s stock worth $362,000 after purchasing an additional 698 shares during the last quarter.

BNY Mellon High Yield ETF Price Performance

NYSEARCA BKHY opened at $48.37 on Monday. BNY Mellon High Yield ETF has a twelve month low of $42.33 and a twelve month high of $48.92. The stock has a 50-day simple moving average of $48.44 and a 200 day simple moving average of $47.84.

BNY Mellon High Yield ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were given a dividend of $0.2989 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 7.4%. This is a boost from BNY Mellon High Yield ETF’s previous monthly dividend of $0.27.

BNY Mellon High Yield ETF Company Profile

The BNY Mellon High Yield Beta ETF (BKHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index of USD-denominated high yield corporate bonds with broad maturities. BKHY was launched on Apr 24, 2020 and is managed by BNY Mellon.