Sunbelt Securities Inc. Boosts Stock Position in BNY Mellon High Yield Beta ETF (NYSEARCA:BKHY)

Sunbelt Securities Inc. increased its stake in BNY Mellon High Yield Beta ETF (NYSEARCA:BKHY) by 63.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,474 shares of the company’s stock after purchasing an additional 3,283 shares during the quarter. Sunbelt Securities Inc. owned about 0.15% of BNY Mellon High Yield Beta ETF worth $414,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. RPOA Advisors Inc. increased its holdings in BNY Mellon High Yield Beta ETF by 1.0% during the 3rd quarter. RPOA Advisors Inc. now owns 4,612,873 shares of the company’s stock worth $225,339,000 after acquiring an additional 45,813 shares during the period. Bank of New York Mellon Corp grew its position in shares of BNY Mellon High Yield Beta ETF by 36.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 216,274 shares of the company’s stock valued at $10,202,000 after purchasing an additional 58,148 shares in the last quarter. Assetmark Inc. increased its holdings in shares of BNY Mellon High Yield Beta ETF by 14.4% in the third quarter. Assetmark Inc. now owns 185,760 shares of the company’s stock worth $9,074,000 after purchasing an additional 23,353 shares during the period. Envestnet Asset Management Inc. raised its position in shares of BNY Mellon High Yield Beta ETF by 15.1% in the second quarter. Envestnet Asset Management Inc. now owns 164,960 shares of the company’s stock worth $7,781,000 after buying an additional 21,626 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in BNY Mellon High Yield Beta ETF by 18.9% during the second quarter. Cetera Investment Advisers now owns 91,871 shares of the company’s stock valued at $4,334,000 after buying an additional 14,610 shares during the period.

BNY Mellon High Yield Beta ETF Stock Performance

Shares of NYSEARCA BKHY opened at $48.25 on Friday. The stock’s 50-day simple moving average is $48.34 and its two-hundred day simple moving average is $47.98. BNY Mellon High Yield Beta ETF has a twelve month low of $46.19 and a twelve month high of $48.99.

BNY Mellon High Yield Beta ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a $0.2948 dividend. The ex-dividend date of this dividend was Friday, November 1st.

About BNY Mellon High Yield Beta ETF

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.