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

Shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAGGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $40.98 and last traded at $40.9750, with a volume of 40924 shares. The stock had previously closed at $41.06.

BNY Mellon Core Bond ETF Stock Down 0.1%

The business has a fifty day moving average price of $41.40 and a 200-day moving average price of $41.86.

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 paid a $0.146 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) annualized dividend and a yield of 4.3%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC boosted its stake in shares of BNY Mellon Core Bond ETF by 4.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 900,167 shares of the company’s stock valued at $37,762,000 after purchasing an additional 37,376 shares in the last quarter. NewEdge Advisors LLC raised its position in BNY Mellon Core Bond ETF by 6.8% in the 2nd quarter. NewEdge Advisors LLC now owns 65,159 shares of the company’s stock worth $2,733,000 after purchasing an additional 4,175 shares during the period. IFP Advisors Inc purchased a new position in BNY Mellon Core Bond ETF in the 2nd quarter worth $70,000. Second Line Capital LLC raised its position in BNY Mellon Core Bond ETF by 2.5% in the 2nd quarter. Second Line Capital LLC now owns 106,590 shares of the company’s stock worth $4,471,000 after purchasing an additional 2,558 shares during the period. Finally, Citadel Advisors LLC bought a new stake in BNY Mellon Core Bond ETF in the second quarter worth $2,159,000.

BNY Mellon Core Bond ETF Company Profile

(Get Free Report)

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.

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