Park Avenue Securities LLC Makes New $2.10 Million Investment in BNY Mellon Core Bond ETF $BKAG

Park Avenue Securities LLC bought a new position in shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 52,343 shares of the company’s stock, valued at approximately $2,097,000. Park Avenue Securities LLC owned about 0.14% of BNY Mellon Core Bond ETF at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BKAG. First Heartland Consultants Inc. increased its stake in BNY Mellon Core Bond ETF by 0.7% in the 3rd quarter. First Heartland Consultants Inc. now owns 88,747 shares of the company’s stock valued at $3,556,000 after buying an additional 646 shares during the last quarter. Kings Path Partners LLC bought a new stake in BNY Mellon Core Bond ETF during the 3rd quarter worth about $31,000. Strong Retirement Solutions LLC boosted its stake in shares of BNY Mellon Core Bond ETF by 6.3% during the 3rd quarter. Strong Retirement Solutions LLC now owns 14,734 shares of the company’s stock worth $590,000 after buying an additional 873 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of BNY Mellon Core Bond ETF by 7.2% during the 1st quarter. Sanctuary Advisors LLC now owns 20,691 shares of the company’s stock worth $873,000 after buying an additional 1,390 shares during the last quarter. Finally, IFP Advisors Inc acquired a new position in shares of BNY Mellon Core Bond ETF during the 2nd quarter worth about $70,000.

BNY Mellon Core Bond ETF Stock Performance

Shares of NYSEARCA BKAG opened at $40.77 on Friday. BNY Mellon Core Bond ETF has a fifty-two week low of $39.67 and a fifty-two week high of $43.07. The business has a 50-day moving average of $40.58 and a 200-day moving average of $41.66.

BNY Mellon Core Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.2430 dividend. This is a boost from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.1406. This represents a $2.92 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend was Thursday, October 1st.

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.