BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sees Strong Trading Volume – Still a Buy?

Shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG) saw strong trading volume on Friday . 344,298 shares changed hands during trading, an increase of 249% from the previous session’s volume of 98,527 shares.The stock last traded at $40.82 and had previously closed at $41.00.

BNY Mellon Core Bond ETF Trading Down 0.4 %

The company has a fifty day moving average of $41.66 and a two-hundred day moving average of $42.17.

BNY Mellon Core Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a $0.1477 dividend. The ex-dividend date was Friday, November 1st.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Park Place Capital Corp bought a new position in shares of BNY Mellon Core Bond ETF in the third quarter worth about $63,000. Mercer Global Advisors Inc. ADV purchased a new stake in BNY Mellon Core Bond ETF in the 2nd quarter valued at about $256,000. Advisor Resource Council bought a new position in BNY Mellon Core Bond ETF in the 3rd quarter worth about $266,000. BIP Wealth LLC purchased a new position in shares of BNY Mellon Core Bond ETF during the third quarter worth approximately $385,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of BNY Mellon Core Bond ETF during the second quarter worth approximately $533,000.

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.