BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Hits New 1-Year Low – What’s Next?

BNY Mellon Core Bond ETF (NYSEARCA:BKAG)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $41.27 and last traded at $41.27, with a volume of 12162 shares trading hands. The stock had previously closed at $41.40.

BNY Mellon Core Bond ETF Trading Down 0.3%

The firm has a 50-day moving average of $41.76 and a 200 day moving average of $42.15.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in BNY Mellon Core Bond ETF by 195.8% during the 1st quarter. NewEdge Advisors LLC now owns 60,984 shares of the company’s stock valued at $26,000 after purchasing an additional 40,369 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in BNY Mellon Core Bond ETF during the 4th quarter worth $35,000. Kestra Advisory Services LLC acquired a new position in BNY Mellon Core Bond ETF in the 4th quarter worth $58,000. Northwestern Mutual Wealth Management Co. lifted its holdings in BNY Mellon Core Bond ETF by 522.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518 shares of the company’s stock worth $64,000 after buying an additional 1,274 shares in the last quarter. Finally, Lantern Wealth Advisors LLC acquired a new position in BNY Mellon Core Bond ETF in the 2nd quarter worth $217,000.

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.