BNY Mellon High Yield ETF $BKHY Stock Holdings Lowered by ShoreHaven Wealth Partners LLC

ShoreHaven Wealth Partners LLC lowered its position in BNY Mellon High Yield ETF (NYSEARCA:BKHY) by 11.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,941 shares of the company’s stock after selling 11,127 shares during the period. BNY Mellon High Yield ETF comprises 1.2% of ShoreHaven Wealth Partners LLC’s holdings, making the stock its 24th largest position. ShoreHaven Wealth Partners LLC’s holdings in BNY Mellon High Yield ETF were worth $4,123,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BKHY. Bank of New York Mellon Corp raised its stake in BNY Mellon High Yield ETF by 5.7% during the 1st quarter. Bank of New York Mellon Corp now owns 604,705 shares of the company’s stock worth $28,669,000 after buying an additional 32,400 shares during the period. Assetmark Inc. lifted its holdings in BNY Mellon High Yield ETF by 1.2% during the first quarter. Assetmark Inc. now owns 220,382 shares of the company’s stock worth $10,448,000 after acquiring an additional 2,630 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in BNY Mellon High Yield ETF by 9.2% in the second quarter. Envestnet Asset Management Inc. now owns 99,254 shares of the company’s stock valued at $4,725,000 after acquiring an additional 8,339 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of BNY Mellon High Yield ETF by 3.2% in the second quarter. Integrated Wealth Concepts LLC now owns 66,128 shares of the company’s stock worth $3,148,000 after acquiring an additional 2,063 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of BNY Mellon High Yield ETF by 5.1% in the first quarter. Cetera Investment Advisers now owns 55,680 shares of the company’s stock worth $2,640,000 after acquiring an additional 2,722 shares in the last quarter.

BNY Mellon High Yield ETF Stock Down 0.4%

NYSEARCA BKHY opened at $45.54 on Friday. The stock’s 50-day moving average is $46.62 and its 200-day moving average is $47.17. BNY Mellon High Yield ETF has a one year low of $45.29 and a one year high of $48.73.

BNY Mellon High Yield ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a $0.2825 dividend. The ex-dividend date was Thursday, October 1st. This represents a $3.39 annualized dividend and a dividend yield of 7.4%. This is a boost from BNY Mellon High Yield ETF’s previous monthly dividend of $0.2569.

BNY Mellon High Yield ETF Company Profile

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.