Freedom Investment Management Inc. Has $803,000 Stake in BNY Mellon High Yield Beta ETF (NYSEARCA:BKHY)

Freedom Investment Management Inc. reduced its stake in shares of BNY Mellon High Yield Beta ETF (NYSEARCA:BKHY) by 4.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,445 shares of the company’s stock after selling 804 shares during the quarter. Freedom Investment Management Inc.’s holdings in BNY Mellon High Yield Beta ETF were worth $803,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CoreCap Advisors LLC purchased a new stake in BNY Mellon High Yield Beta ETF in the 2nd quarter worth approximately $3,075,000. Bank of New York Mellon Corp lifted its position in BNY Mellon High Yield Beta ETF by 36.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 216,274 shares of the company’s stock worth $10,202,000 after buying an additional 58,148 shares in the last quarter. RPOA Advisors Inc. lifted its position in BNY Mellon High Yield Beta ETF by 1.0% in the 3rd quarter. RPOA Advisors Inc. now owns 4,612,873 shares of the company’s stock worth $225,339,000 after buying an additional 45,813 shares in the last quarter. ShoreHaven Wealth Partners LLC lifted its position in BNY Mellon High Yield Beta ETF by 250.0% in the 3rd quarter. ShoreHaven Wealth Partners LLC now owns 54,095 shares of the company’s stock worth $2,643,000 after buying an additional 38,641 shares in the last quarter. Finally, Heritage Oak Wealth Advisors LLC purchased a new stake in BNY Mellon High Yield Beta ETF in the 2nd quarter worth approximately $1,687,000.

BNY Mellon High Yield Beta ETF Trading Up 0.2 %

BKHY stock opened at $48.53 on Friday. BNY Mellon High Yield Beta ETF has a 12-month low of $45.91 and a 12-month high of $48.99. The company has a 50 day moving average of $48.39 and a two-hundred day moving average of $47.88.

BNY Mellon High Yield Beta ETF Cuts Dividend

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

BNY Mellon High Yield Beta 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.