Total Investment Management Inc. Increases Holdings in BNY Mellon Core Bond ETF $BKAG

Total Investment Management Inc. boosted its holdings in shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,679,903 shares of the company’s stock after purchasing an additional 28,078 shares during the period. BNY Mellon Core Bond ETF comprises approximately 10.2% of Total Investment Management Inc.’s investment portfolio, making the stock its 5th biggest position. Total Investment Management Inc.’s holdings in BNY Mellon Core Bond ETF were worth $70,858,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of BKAG. Key Financial Inc acquired a new stake in BNY Mellon Core Bond ETF in the second quarter valued at about $53,000. Lantern Wealth Advisors LLC acquired a new position in BNY Mellon Core Bond ETF during the 2nd quarter worth approximately $217,000. Empower Advisory Group LLC bought a new position in BNY Mellon Core Bond ETF in the 2nd quarter valued at approximately $221,000. CreativeOne Wealth LLC acquired a new stake in BNY Mellon Core Bond ETF in the second quarter valued at approximately $376,000. Finally, London & Capital Asset Management Ltd acquired a new stake in BNY Mellon Core Bond ETF in the second quarter valued at approximately $436,000.

BNY Mellon Core Bond ETF Stock Performance

Shares of BKAG stock opened at $42.33 on Friday. BNY Mellon Core Bond ETF has a twelve month low of $40.74 and a twelve month high of $43.07. The stock’s fifty day simple moving average is $42.64 and its 200 day simple moving average is $42.26.

BNY Mellon Core Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were issued a dividend of $0.2049 per share. This represents a c) annualized dividend and a dividend yield of 5.8%. This is an increase from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Monday, December 1st.

BNY Mellon Core Bond ETF 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.