BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Hits New 52-Week High – Time to Buy?

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) hit a new 52-week high during trading on Monday . The stock traded as high as $43.22 and last traded at $43.22, with a volume of 210 shares traded. The stock had previously closed at $42.07.

BNY Mellon Core Bond ETF Price Performance

The business’s 50 day moving average is $42.45 and its two-hundred day moving average is $42.53.

BNY Mellon Core Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1379 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its stake in BNY Mellon Core Bond ETF by 1.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 133,364 shares of the company’s stock worth $5,652,000 after purchasing an additional 2,208 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of BNY Mellon Core Bond ETF in the 4th quarter worth about $874,000. Strong Retirement Solutions LLC bought a new position in shares of BNY Mellon Core Bond ETF during the 4th quarter valued at about $556,000. Advisory Services Network LLC increased its position in shares of BNY Mellon Core Bond ETF by 19.9% during the 4th quarter. Advisory Services Network LLC now owns 53,253 shares of the company’s stock valued at $2,257,000 after purchasing an additional 8,825 shares during the last quarter. Finally, Guardian Wealth Advisors LLC NC raised its holdings in shares of BNY Mellon Core Bond ETF by 1.6% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 83,553 shares of the company’s stock valued at $3,541,000 after buying an additional 1,315 shares in the last quarter.

BNY Mellon Core Bond ETF Company Profile

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.