BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sees Unusually-High Trading Volume – Should You Buy?

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) shares saw strong trading volume on Monday . 381,977 shares changed hands during mid-day trading, an increase of 62% from the previous session’s volume of 236,468 shares.The stock last traded at $42.47 and had previously closed at $42.48.

BNY Mellon Core Bond ETF Stock Performance

The business has a 50 day moving average of $42.46 and a 200-day moving average of $42.48.

BNY Mellon Core Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.1387 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.9%. This is a boost from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.09.

Institutional Investors Weigh In On BNY Mellon Core Bond ETF

Large investors have recently made changes to their positions in the business. Carolina Wealth Advisors LLC raised its stake in shares of BNY Mellon Core Bond ETF by 1,870.3% during the third quarter. Carolina Wealth Advisors LLC now owns 310,417 shares of the company’s stock worth $13,224,000 after acquiring an additional 294,662 shares in the last quarter. RPOA Advisors Inc. boosted its position in BNY Mellon Core Bond ETF by 0.9% during the third quarter. RPOA Advisors Inc. now owns 25,943,647 shares of the company’s stock valued at $1,105,199,000 after buying an additional 239,571 shares during the period. Wealth Forward LLC bought a new position in shares of BNY Mellon Core Bond ETF during the third quarter valued at about $8,518,000. Bank of New York Mellon Corp increased its holdings in shares of BNY Mellon Core Bond ETF by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 2,901,153 shares of the company’s stock worth $122,371,000 after buying an additional 186,061 shares during the period. Finally, Crux Wealth Advisors lifted its stake in shares of BNY Mellon Core Bond ETF by 120.4% in the 2nd quarter. Crux Wealth Advisors now owns 284,055 shares of the company’s stock valued at $11,981,000 after acquiring an additional 155,147 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.