Park Avenue Securities LLC Purchases New Position in BNY Mellon Core Bond ETF $BKAG

Park Avenue Securities LLC purchased a new stake in BNY Mellon Core Bond ETF (NYSEARCA:BKAG) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,830 shares of the company’s stock, valued at approximately $626,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BankPlus Trust Department grew its stake in BNY Mellon Core Bond ETF by 17.0% during the 1st quarter. BankPlus Trust Department now owns 5,686 shares of the company’s stock worth $240,000 after buying an additional 826 shares during the last quarter. Trajan Wealth LLC purchased a new position in BNY Mellon Core Bond ETF during the 1st quarter worth approximately $262,000. True Vision MN LLC grew its stake in BNY Mellon Core Bond ETF by 7.3% during the 1st quarter. True Vision MN LLC now owns 6,584 shares of the company’s stock worth $277,000 after buying an additional 447 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new position in BNY Mellon Core Bond ETF during the 1st quarter worth approximately $295,000. Finally, Renasant Bank purchased a new position in BNY Mellon Core Bond ETF during the 1st quarter worth approximately $322,000.

BNY Mellon Core Bond ETF Stock Performance

NYSEARCA:BKAG opened at $42.50 on Monday. The stock’s 50 day moving average price is $42.25 and its 200 day moving average price is $41.91. BNY Mellon Core Bond ETF has a 52-week low of $40.74 and a 52-week high of $43.31.

BNY Mellon Core Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 5th. Shareholders of record on Tuesday, September 2nd were paid a $0.1424 dividend. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, September 2nd.

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.