Envestnet Asset Management Inc. Acquires 24,265 Shares of BNY Mellon High Yield ETF $BKHY

Envestnet Asset Management Inc. increased its stake in BNY Mellon High Yield ETF (NYSEARCA:BKHY) by 19.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 147,391 shares of the company’s stock after buying an additional 24,265 shares during the quarter. Envestnet Asset Management Inc.’s holdings in BNY Mellon High Yield ETF were worth $7,178,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Total Investment Management Inc. purchased a new stake in BNY Mellon High Yield ETF during the second quarter worth about $99,000. Captrust Financial Advisors bought a new position in shares of BNY Mellon High Yield ETF during the 2nd quarter valued at approximately $251,000. Global Assets Advisory LLC purchased a new stake in shares of BNY Mellon High Yield ETF during the 3rd quarter worth approximately $272,000. TFB Advisors LLC raised its holdings in shares of BNY Mellon High Yield ETF by 19.5% in the 3rd quarter. TFB Advisors LLC now owns 7,381 shares of the company’s stock worth $356,000 after purchasing an additional 1,207 shares during the period. Finally, Arkadios Wealth Advisors lifted its stake in BNY Mellon High Yield ETF by 26.9% in the second quarter. Arkadios Wealth Advisors now owns 7,663 shares of the company’s stock valued at $370,000 after purchasing an additional 1,623 shares during the last quarter.

BNY Mellon High Yield ETF Price Performance

Shares of NYSEARCA BKHY opened at $48.35 on Friday. The stock has a fifty day simple moving average of $48.27 and a two-hundred day simple moving average of $48.33. BNY Mellon High Yield ETF has a 1-year low of $42.33 and a 1-year high of $48.89.

BNY Mellon High Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.2633 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.5%.

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.