LPL Financial LLC Increases Position in BNY Mellon High Yield Beta ETF (NYSEARCA:BKHY)

LPL Financial LLC increased its position in BNY Mellon High Yield Beta ETF (NYSEARCA:BKHY) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,945 shares of the company’s stock after purchasing an additional 4,697 shares during the period. LPL Financial LLC owned approximately 1.62% of BNY Mellon High Yield Beta ETF worth $4,433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BKHY. HighTower Advisors LLC boosted its position in shares of BNY Mellon High Yield Beta ETF by 82.4% during the third quarter. HighTower Advisors LLC now owns 40,423 shares of the company’s stock valued at $1,975,000 after buying an additional 18,258 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of BNY Mellon High Yield Beta ETF by 63.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 8,474 shares of the company’s stock valued at $414,000 after acquiring an additional 3,283 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of BNY Mellon High Yield Beta ETF by 472.1% in the third quarter. JPMorgan Chase & Co. now owns 108,209 shares of the company’s stock worth $5,286,000 after acquiring an additional 89,294 shares during the period. RPOA Advisors Inc. raised its holdings in shares of BNY Mellon High Yield Beta ETF by 6.2% during the fourth quarter. RPOA Advisors Inc. now owns 4,901,160 shares of the company’s stock valued at $233,736,000 after purchasing an additional 288,287 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its position in BNY Mellon High Yield Beta ETF by 12.7% during the fourth quarter. Arkadios Wealth Advisors now owns 5,813 shares of the company’s stock valued at $277,000 after purchasing an additional 655 shares during the period.

BNY Mellon High Yield Beta ETF Stock Performance

Shares of BKHY stock opened at $46.68 on Thursday. The firm’s 50 day moving average is $47.73 and its 200 day moving average is $48.07. BNY Mellon High Yield Beta ETF has a 12-month low of $42.33 and a 12-month high of $48.99.

BNY Mellon High Yield Beta ETF Company Profile

The BNY Mellon High Yield Beta ETF (BKHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index of USD-denominated high yield corporate bonds with broad maturities. BKHY was launched on Apr 24, 2020 and is managed by BNY Mellon.