CoreCap Advisors LLC Has $81,000 Stake in BNY Mellon High Yield ETF $BKHY

CoreCap Advisors LLC trimmed its stake in BNY Mellon High Yield ETF (NYSEARCA:BKHY) by 95.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,686 shares of the company’s stock after selling 36,105 shares during the period. CoreCap Advisors LLC’s holdings in BNY Mellon High Yield ETF were worth $81,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its holdings in BNY Mellon High Yield ETF by 19.7% during the third quarter. Envestnet Asset Management Inc. now owns 147,391 shares of the company’s stock valued at $7,178,000 after purchasing an additional 24,265 shares during the last quarter. Heritage Oak Wealth Advisors LLC lifted its stake in shares of BNY Mellon High Yield ETF by 51.6% in the third quarter. Heritage Oak Wealth Advisors LLC now owns 91,149 shares of the company’s stock worth $4,439,000 after buying an additional 31,017 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of BNY Mellon High Yield ETF by 80.5% during the 3rd quarter. Assetmark Inc. now owns 387,420 shares of the company’s stock worth $18,868,000 after buying an additional 172,771 shares during the period. Captrust Financial Advisors bought a new stake in shares of BNY Mellon High Yield ETF during the 2nd quarter worth $251,000. Finally, Aptus Capital Advisors LLC acquired a new position in BNY Mellon High Yield ETF in the 3rd quarter valued at $41,000.

BNY Mellon High Yield ETF Stock Performance

NYSEARCA:BKHY opened at $47.18 on Friday. BNY Mellon High Yield ETF has a 1 year low of $42.33 and a 1 year high of $48.89. The firm’s fifty day simple moving average is $47.82 and its 200 day simple moving average is $48.16.

BNY Mellon High Yield ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.2449 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Monday, March 2nd.

BNY Mellon High Yield ETF 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.