BNY Mellon Core Bond ETF $BKAG Stock: Wealth Forward LLC Reduces Position

Wealth Forward LLC lessened its holdings in shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG) by 56.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 92,884 shares of the company’s stock after selling 119,150 shares during the period. BNY Mellon Core Bond ETF accounts for approximately 1.6% of Wealth Forward LLC’s investment portfolio, making the stock its 20th biggest holding. Wealth Forward LLC owned approximately 0.25% of BNY Mellon Core Bond ETF worth $3,722,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BKAG. Bank of New York Mellon Corp lifted its holdings in shares of BNY Mellon Core Bond ETF by 88.2% in 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 purchasing an additional 2,474,687 shares during the last quarter. Talon Private Wealth LLC grew its position in BNY Mellon Core Bond ETF by 2.0% in the 2nd quarter. Talon Private Wealth LLC now owns 1,225,426 shares of the company’s stock valued at $51,407,000 after buying an additional 24,561 shares during the last quarter. Signal Advisors Wealth LLC increased its stake in shares of BNY Mellon Core Bond ETF by 7.4% during the third quarter. Signal Advisors Wealth LLC now owns 1,140,641 shares of the company’s stock worth $45,703,000 after acquiring an additional 78,172 shares during the period. Brookstone Capital Management increased its position in BNY Mellon Core Bond ETF by 1.2% during the 1st quarter. Brookstone Capital Management now owns 998,424 shares of the company’s stock worth $42,134,000 after purchasing an additional 12,013 shares during the period. Finally, Integrated Wealth Concepts LLC grew its holdings 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 period.

BNY Mellon Core Bond ETF Stock Performance

Shares of BKAG traded down $0.03 on Wednesday, reaching $40.02. The stock had a trading volume of 40,232 shares, compared to its average volume of 343,297. The firm has a 50-day moving average of $40.80 and a 200 day moving average of $41.48. BNY Mellon Core Bond ETF has a twelve month low of $39.67 and a twelve month high of $43.07.

BNY Mellon Core Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.2430 dividend. This is a positive change from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.1406. The ex-dividend date was Thursday, October 1st. This represents a $2.92 dividend on an annualized basis and a yield of 7.3%.

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.