BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sees Large Volume Increase – Still a Buy?

Shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG) saw unusually-strong trading volume on Friday . Approximately 79,441 shares traded hands during mid-day trading, an increase of 38% from the previous session’s volume of 57,366 shares.The stock last traded at $41.24 and had previously closed at $41.26.

BNY Mellon Core Bond ETF Stock Performance

The firm’s 50 day moving average price is $41.75 and its two-hundred day moving average price is $42.20.

BNY Mellon Core Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a dividend of $0.1477 per share. The ex-dividend date of this dividend was Friday, November 1st.

Institutional Investors Weigh In On BNY Mellon Core Bond ETF

Several hedge funds have recently added to or reduced their stakes in BKAG. Sanctuary Advisors LLC lifted its position in BNY Mellon Core Bond ETF by 122.5% during the third quarter. Sanctuary Advisors LLC now owns 29,108 shares of the company’s stock worth $1,213,000 after acquiring an additional 16,026 shares during the last quarter. Advisory Resource Group lifted its holdings in shares of BNY Mellon Core Bond ETF by 1.7% during the third quarter. Advisory Resource Group now owns 203,681 shares of the company’s stock worth $8,789,000 after buying an additional 3,497 shares in the last quarter. Second Line Capital LLC boosted its position in shares of BNY Mellon Core Bond ETF by 1.8% in the third quarter. Second Line Capital LLC now owns 88,701 shares of the company’s stock valued at $3,827,000 after acquiring an additional 1,536 shares during the period. Glen Eagle Advisors LLC grew its stake in shares of BNY Mellon Core Bond ETF by 4.0% in the third quarter. Glen Eagle Advisors LLC now owns 557,655 shares of the company’s stock valued at $24,063,000 after acquiring an additional 21,323 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in BNY Mellon Core Bond ETF by 1.8% during the third quarter. Integrated Wealth Concepts LLC now owns 1,173,146 shares of the company’s stock worth $50,621,000 after acquiring an additional 21,214 shares during the period.

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.