Assetmark Inc. Acquires 12,894 Shares of BNY Mellon High Yield ETF $BKHY

Assetmark Inc. lifted its holdings in shares of BNY Mellon High Yield ETF (NYSEARCA:BKHY) by 6.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,649 shares of the company’s stock after purchasing an additional 12,894 shares during the period. Assetmark Inc. owned about 2.86% of BNY Mellon High Yield ETF worth $10,364,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BKHY. Bank of New York Mellon Corp raised its stake in shares of BNY Mellon High Yield ETF by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 429,216 shares of the company’s stock worth $20,443,000 after purchasing an additional 1,566 shares during the period. IFP Advisors Inc raised its stake in shares of BNY Mellon High Yield ETF by 14.6% during the 1st quarter. IFP Advisors Inc now owns 7,371 shares of the company’s stock worth $351,000 after purchasing an additional 938 shares during the period. LPL Financial LLC raised its stake in shares of BNY Mellon High Yield ETF by 10.4% during the 1st quarter. LPL Financial LLC now owns 102,586 shares of the company’s stock worth $4,886,000 after purchasing an additional 9,641 shares during the period. Arkadios Wealth Advisors raised its stake in shares of BNY Mellon High Yield ETF by 3.9% during the 1st quarter. Arkadios Wealth Advisors now owns 6,040 shares of the company’s stock worth $288,000 after purchasing an additional 227 shares during the period. Finally, TFB Advisors LLC raised its stake in shares of BNY Mellon High Yield ETF by 11.0% during the 1st quarter. TFB Advisors LLC now owns 6,139 shares of the company’s stock worth $292,000 after purchasing an additional 609 shares during the period.

BNY Mellon High Yield ETF Trading Up 0.0%

NYSEARCA BKHY opened at $48.46 on Friday. BNY Mellon High Yield ETF has a one year low of $42.33 and a one year high of $48.92. The business’s fifty day moving average is $48.50 and its 200-day moving average is $48.01.

BNY Mellon High Yield ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were paid a dividend of $0.2989 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. This is a boost from BNY Mellon High Yield ETF’s previous monthly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, October 1st.

About BNY Mellon High Yield ETF

The BNY Mellon High Yield Beta ETF (BKHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index of USD-denominated high yield corporate bonds with broad maturities. BKHY was launched on Apr 24, 2020 and is managed by BNY Mellon.