BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sees Unusually-High Trading Volume – Here’s Why

Shares of BNY Mellon Core Bond ETF (NYSEARCA:BKAG) saw unusually-high trading volume on Friday . Approximately 344,298 shares were traded during mid-day trading, an increase of 249% from the previous session’s volume of 98,527 shares.The stock last traded at $40.82 and had previously closed at $41.00.

BNY Mellon Core Bond ETF Trading Down 0.4 %

The stock’s 50-day moving average is $41.66 and its two-hundred day moving average is $42.17.

BNY Mellon Core Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.1477 dividend. The ex-dividend date of this dividend was Friday, November 1st.

Institutional Trading of BNY Mellon Core Bond ETF

Several hedge funds have recently bought and sold shares of the stock. Park Place Capital Corp bought a new stake in BNY Mellon Core Bond ETF during the third quarter valued at about $63,000. Second Line Capital LLC grew its position in shares of BNY Mellon Core Bond ETF by 1.8% during the third quarter. Second Line Capital LLC now owns 88,701 shares of the company’s stock worth $3,827,000 after purchasing an additional 1,536 shares in the last quarter. Silver Oak Securities Incorporated raised its stake in BNY Mellon Core Bond ETF by 5.1% during the 3rd quarter. Silver Oak Securities Incorporated now owns 32,874 shares of the company’s stock valued at $1,424,000 after purchasing an additional 1,600 shares during the period. Advisory Resource Group lifted its holdings in BNY Mellon Core Bond ETF by 1.7% in the 3rd quarter. Advisory Resource Group now owns 203,681 shares of the company’s stock worth $8,789,000 after purchasing an additional 3,497 shares in the last quarter. Finally, Advisor Resource Council bought a new position in BNY Mellon Core Bond ETF in the 3rd quarter worth approximately $266,000.

About BNY Mellon Core Bond ETF

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.