Assetmark Inc. Has $10.47 Million Position in BNY Mellon High Yield ETF $BKHY

Assetmark Inc. lessened its position in shares of BNY Mellon High Yield ETF (NYSEARCA:BKHY) by 43.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 217,752 shares of the company’s stock after selling 169,668 shares during the quarter. Assetmark Inc. owned approximately 2.74% of BNY Mellon High Yield ETF worth $10,467,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in shares of BNY Mellon High Yield ETF by 19.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 147,391 shares of the company’s stock worth $7,178,000 after buying an additional 24,265 shares during the period. JPMorgan Chase & Co. lifted its stake in BNY Mellon High Yield ETF by 68.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 99,034 shares of the company’s stock valued at $4,782,000 after acquiring an additional 40,297 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of BNY Mellon High Yield ETF during the 2nd quarter worth $4,542,000. Heritage Oak Wealth Advisors LLC raised its stake in shares of BNY Mellon High Yield ETF by 51.6% during the 3rd quarter. Heritage Oak Wealth Advisors LLC now owns 91,149 shares of the company’s stock worth $4,439,000 after purchasing an additional 31,017 shares during the period. Finally, Integrated Wealth Concepts LLC raised its stake in shares of BNY Mellon High Yield ETF by 1.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 72,626 shares of the company’s stock worth $3,537,000 after purchasing an additional 1,022 shares during the period.

BNY Mellon High Yield ETF Trading Up 0.5%

NYSEARCA BKHY opened at $47.90 on Friday. BNY Mellon High Yield ETF has a one year low of $46.39 and a one year high of $48.89. The business’s fifty day moving average is $47.69 and its 200-day moving average is $48.09.

BNY Mellon High Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.2449 dividend. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Monday, March 2nd.

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.