BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sets New 52-Week Low – Here’s What Happened

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) shares hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $40.57 and last traded at $40.5450, with a volume of 43902 shares. The stock had previously closed at $40.79.

BNY Mellon Core Bond ETF Trading Down 0.5%

The business has a 50-day moving average price of $41.17 and a 200 day moving average price of $41.68.

BNY Mellon Core Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a dividend of $0.1460 per share. The ex-dividend date of this dividend was Monday, August 3rd. This is a negative change from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.1561. This represents a $1.75 dividend on an annualized basis and a yield of 4.4%.

Hedge Funds Weigh In On BNY Mellon Core Bond ETF

Several institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in shares of BNY Mellon Core Bond ETF by 88.2% during the 1st quarter. Bank of New York Mellon Corp now owns 5,280,228 shares of the company’s stock valued at $222,826,000 after buying an additional 2,474,687 shares in the last quarter. Talon Private Wealth LLC grew its position in BNY Mellon Core Bond ETF by 2.0% in the second quarter. Talon Private Wealth LLC now owns 1,225,426 shares of the company’s stock worth $51,407,000 after acquiring an additional 24,561 shares in the last quarter. Aptus Capital Advisors LLC grew its position in BNY Mellon Core Bond ETF by 13.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,084,875 shares of the company’s stock worth $46,037,000 after acquiring an additional 126,686 shares in the last quarter. Brookstone Capital Management increased its stake in BNY Mellon Core Bond ETF by 1.2% during the first quarter. Brookstone Capital Management now owns 998,424 shares of the company’s stock worth $42,134,000 after acquiring an additional 12,013 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in BNY Mellon Core Bond ETF by 4.3% during the second quarter. Integrated Wealth Concepts LLC now owns 900,167 shares of the company’s stock worth $37,762,000 after acquiring an additional 37,376 shares during the last quarter.

About BNY Mellon Core Bond ETF

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.