Legacy Capital Group California Inc. Increases Holdings in BNY Mellon High Yield Beta ETF (NYSEARCA:BKHY)

Legacy Capital Group California Inc. raised its stake in BNY Mellon High Yield Beta ETF (NYSEARCA:BKHY) by 73.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,475 shares of the company’s stock after buying an additional 5,699 shares during the quarter. Legacy Capital Group California Inc. owned approximately 0.23% of BNY Mellon High Yield Beta ETF worth $658,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CoreCap Advisors LLC acquired a new stake in BNY Mellon High Yield Beta ETF during the second quarter worth about $3,075,000. Bank of New York Mellon Corp lifted its holdings in BNY Mellon High Yield Beta ETF by 36.8% in the second quarter. Bank of New York Mellon Corp now owns 216,274 shares of the company’s stock valued at $10,202,000 after acquiring an additional 58,148 shares during the last quarter. RPOA Advisors Inc. increased its stake in BNY Mellon High Yield Beta ETF by 1.0% during the third 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 last quarter. Heritage Oak Wealth Advisors LLC acquired a new stake in shares of BNY Mellon High Yield Beta ETF during the 2nd quarter worth about $1,687,000. Finally, Envestnet Asset Management Inc. increased its position in shares of BNY Mellon High Yield Beta ETF by 15.1% during the second quarter. Envestnet Asset Management Inc. now owns 164,960 shares of the company’s stock valued at $7,781,000 after acquiring an additional 21,626 shares during the last quarter.

BNY Mellon High Yield Beta ETF Stock Performance

Shares of BKHY stock opened at $48.27 on Friday. The firm’s 50 day moving average price is $48.41 and its 200-day moving average price is $47.64. BNY Mellon High Yield Beta ETF has a one year low of $44.35 and a one year high of $48.99.

BNY Mellon High Yield Beta ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.3081 per share. This is a boost from BNY Mellon High Yield Beta ETF’s previous dividend of $0.27. The ex-dividend date of this dividend was Thursday, August 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.