BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Hits New 52-Week Low – What’s Next?

BNY Mellon Core Bond ETF (NYSEARCA:BKAG – Get Free Report) shares hit a new 52-week low on Wednesday. The company traded as low as $39.67 and last traded at $39.7560, with a volume of 2587 shares changing hands. The stock had previously closed at $39.78.

BNY Mellon Core Bond ETF Trading Down 0.2%

The firm’s fifty day moving average is $40.94 and its 200 day moving average is $41.55.

BNY Mellon Core Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.2430 per share. The ex-dividend date was Thursday, October 1st. This represents a $2.92 annualized dividend and a dividend yield of 7.3%. This is an increase from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.1406.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BKAG. NewEdge Advisors LLC lifted its stake in BNY Mellon Core Bond ETF by 195.8% in the first quarter. NewEdge Advisors LLC now owns 60,984 shares of the company’s stock valued at $26,000 after acquiring an additional 40,369 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of BNY Mellon Core Bond ETF during the 2nd quarter worth $70,000. Compass Financial Management LLC bought a new position in shares of BNY Mellon Core Bond ETF during the 2nd quarter valued at $112,000. Trust Co. of Vermont acquired a new stake in shares of BNY Mellon Core Bond ETF in the 2nd quarter valued at $163,000. Finally, Bouchey Financial Group Ltd. acquired a new stake in shares of BNY Mellon Core Bond ETF in the 2nd quarter valued at $247,000.

About BNY Mellon Core Bond ETF

(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.

Further Reading

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