BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sets New 52-Week Low – What’s Next?

BNY Mellon Core Bond ETF (NYSEARCA:BKAG – Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $41.06 and last traded at $41.09, with a volume of 6437 shares trading hands. The stock had previously closed at $41.29.

BNY Mellon Core Bond ETF Stock Performance

The firm has a 50 day simple moving average of $41.52 and a two-hundred day simple moving average of $41.93.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BKAG. Bank of New York Mellon Corp boosted its holdings in BNY Mellon Core Bond ETF by 88.2% during the first quarter. Bank of New York Mellon Corp now owns 5,280,228 shares of the company’s stock worth $222,826,000 after purchasing an additional 2,474,687 shares during the last quarter. Total Investment Management Inc. grew its position in BNY Mellon Core Bond ETF by 1.4% in the 4th quarter. Total Investment Management Inc. now owns 1,705,087 shares of the company’s stock worth $72,267,000 after purchasing an additional 23,655 shares in the last quarter. Talon Private Wealth LLC purchased a new stake in BNY Mellon Core Bond ETF in the 1st quarter valued at about $50,677,000. Aptus Capital Advisors LLC increased its stake in BNY Mellon Core Bond ETF by 13.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,084,875 shares of the company’s stock valued at $46,037,000 after buying an additional 126,686 shares during the last quarter. Finally, Brookstone Capital Management lifted its position in shares of BNY Mellon Core Bond ETF by 1.2% during the 1st quarter. Brookstone Capital Management now owns 998,424 shares of the company’s stock worth $42,134,000 after buying an additional 12,013 shares in the last quarter.

BNY Mellon Core Bond ETF Company Profile

(Get Free Report)

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.

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