Envestnet Asset Management Inc. Sells 19,674 Shares of BNY Mellon High Yield ETF $BKHY

Envestnet Asset Management Inc. cut its holdings in shares of BNY Mellon High Yield ETF (NYSEARCA:BKHY) by 13.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,126 shares of the company’s stock after selling 19,674 shares during the period. Envestnet Asset Management Inc. owned approximately 1.64% of BNY Mellon High Yield ETF worth $5,945,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BKHY. Bank of New York Mellon Corp raised its position in shares of BNY Mellon High Yield ETF by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 429,216 shares of the company’s stock worth $20,443,000 after purchasing an additional 1,566 shares during the period. IFP Advisors Inc increased its stake in BNY Mellon High Yield ETF by 14.6% during the 1st quarter. IFP Advisors Inc now owns 7,371 shares of the company’s stock worth $351,000 after purchasing an additional 938 shares in the last quarter. Assetmark Inc. increased its stake in BNY Mellon High Yield ETF by 0.4% during the 1st quarter. Assetmark Inc. now owns 201,755 shares of the company’s stock worth $9,610,000 after purchasing an additional 791 shares in the last quarter. LPL Financial LLC raised its holdings in BNY Mellon High Yield ETF by 10.4% during the 1st quarter. LPL Financial LLC now owns 102,586 shares of the company’s stock worth $4,886,000 after buying an additional 9,641 shares during the period. Finally, Arkadios Wealth Advisors lifted its stake in BNY Mellon High Yield ETF by 3.9% in the first quarter. Arkadios Wealth Advisors now owns 6,040 shares of the company’s stock valued at $288,000 after buying an additional 227 shares in the last quarter.

BNY Mellon High Yield ETF Price Performance

Shares of BKHY stock opened at $48.28 on Thursday. BNY Mellon High Yield ETF has a 12-month low of $42.33 and a 12-month high of $48.92. The firm has a fifty day moving average of $48.46 and a 200-day moving average of $48.08.

BNY Mellon High Yield ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.2771 per share. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Monday, November 3rd.

BNY Mellon High Yield 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.