RPOA Advisors Inc. trimmed its holdings in BNY Mellon High Yield ETF (NYSEARCA:BKHY – Free Report) by 99.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 6,332 shares of the company’s stock after selling 4,924,209 shares during the quarter. BNY Mellon High Yield ETF comprises 0.0% of RPOA Advisors Inc.’s investment portfolio, making the stock its 6th largest holding. RPOA Advisors Inc.’s holdings in BNY Mellon High Yield ETF were worth $300,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the business. Beacon Capital Management Inc. grew its holdings in shares of BNY Mellon High Yield ETF by 308.5% during the fourth quarter. Beacon Capital Management Inc. now owns 719 shares of the company’s stock worth $35,000 after buying an additional 543 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in BNY Mellon High Yield ETF during the 4th quarter valued at approximately $39,000. Aptus Capital Advisors LLC purchased a new stake in BNY Mellon High Yield ETF during the 3rd quarter valued at approximately $41,000. Fifth Third Securities Inc. acquired a new stake in BNY Mellon High Yield ETF during the 4th quarter worth approximately $225,000. Finally, Captrust Financial Advisors acquired a new position in shares of BNY Mellon High Yield ETF in the second quarter valued at approximately $251,000.
BNY Mellon High Yield ETF Stock Down 0.1%
Shares of NYSEARCA BKHY opened at $47.47 on Wednesday. The stock has a fifty day moving average price of $47.57 and a 200 day moving average price of $47.84. BNY Mellon High Yield ETF has a 1-year low of $46.84 and a 1-year high of $48.89.
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.
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