BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sees Large Volume Increase – Here’s What Happened

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) shares saw unusually-strong trading volume on Wednesday . 759,235 shares were traded during mid-day trading, an increase of 297% from the previous session’s volume of 191,050 shares.The stock last traded at $41.33 and had previously closed at $41.28.

BNY Mellon Core Bond ETF Stock Performance

The stock has a fifty day simple moving average of $41.65 and a 200-day simple moving average of $42.04.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its stake in BNY Mellon Core Bond ETF by 195.8% in the 1st quarter. NewEdge Advisors LLC now owns 60,984 shares of the company’s stock valued at $26,000 after acquiring an additional 40,369 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of BNY Mellon Core Bond ETF in the fourth quarter valued at $58,000. Northwestern Mutual Wealth Management Co. raised its position in shares of BNY Mellon Core Bond ETF by 522.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518 shares of the company’s stock valued at $64,000 after purchasing an additional 1,274 shares during the period. Trust Co. of Vermont acquired a new stake in shares of BNY Mellon Core Bond ETF during the 2nd quarter worth about $132,000. Finally, Lantern Wealth Advisors LLC acquired a new stake in shares of BNY Mellon Core Bond ETF during the 2nd quarter worth about $217,000.

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.