Bank of New York Mellon Corp Sells 560,719 Shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG)

Bank of New York Mellon Corp trimmed its holdings in BNY Mellon Core Bond ETF (NYSEARCA:BKAG) by 13.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,564,004 shares of the company’s stock after selling 560,719 shares during the quarter. Bank of New York Mellon Corp owned about 8.40% of BNY Mellon Core Bond ETF worth $147,621,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKAG. Principal Securities Inc. acquired a new stake in BNY Mellon Core Bond ETF in the fourth quarter worth about $87,000. Legacy Private Trust Co. boosted its holdings in BNY Mellon Core Bond ETF by 10.0% during the first quarter. Legacy Private Trust Co. now owns 5,528 shares of the company’s stock worth $231,000 after buying an additional 503 shares during the last quarter. Fifth Third Securities Inc. grew its position in shares of BNY Mellon Core Bond ETF by 168.1% during the 2nd quarter. Fifth Third Securities Inc. now owns 16,782 shares of the company’s stock worth $695,000 after buying an additional 10,523 shares during the period. Silver Oak Securities Incorporated raised its position in shares of BNY Mellon Core Bond ETF by 17.7% in the 4th quarter. Silver Oak Securities Incorporated now owns 22,253 shares of the company’s stock valued at $946,000 after acquiring an additional 3,341 shares during the period. Finally, Advisory Services Network LLC raised its stake in shares of BNY Mellon Core Bond ETF by 31.3% in the 4th quarter. Advisory Services Network LLC now owns 68,420 shares of the company’s stock valued at $2,907,000 after purchasing an additional 16,300 shares during the period.

BNY Mellon Core Bond ETF Trading Down 0.0 %

NYSEARCA:BKAG opened at $42.96 on Tuesday. BNY Mellon Core Bond ETF has a 52-week low of $39.22 and a 52-week high of $43.05. The stock has a 50-day simple moving average of $42.06 and a 200 day simple moving average of $41.61.

BNY Mellon Core Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were given a $0.1546 dividend. The ex-dividend date was Thursday, August 1st. This is an increase from BNY Mellon Core Bond ETF’s previous dividend of $0.14.

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.