ShoreHaven Wealth Partners LLC Reduces Position in BNY Mellon High Yield Beta ETF (NYSEARCA:BKHY)

ShoreHaven Wealth Partners LLC lowered its position in BNY Mellon High Yield Beta ETF (NYSEARCA:BKHY) by 65.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 36,188 shares of the company’s stock after selling 69,108 shares during the period. BNY Mellon High Yield Beta ETF comprises approximately 1.0% of ShoreHaven Wealth Partners LLC’s holdings, making the stock its 25th largest position. ShoreHaven Wealth Partners LLC’s holdings in BNY Mellon High Yield Beta ETF were worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. CoreCap Advisors LLC acquired a new position in BNY Mellon High Yield Beta ETF in the 4th quarter valued at about $1,455,000. Keener Financial Planning LLC purchased a new position in shares of BNY Mellon High Yield Beta ETF in the 4th quarter valued at approximately $42,000. Atria Wealth Solutions Inc. acquired a new position in shares of BNY Mellon High Yield Beta ETF in the fourth quarter valued at approximately $666,000. Fulcrum Equity Management purchased a new stake in shares of BNY Mellon High Yield Beta ETF during the fourth quarter worth approximately $611,000. Finally, Integrated Wealth Concepts LLC lifted its holdings in shares of BNY Mellon High Yield Beta ETF by 48.1% during the third quarter. Integrated Wealth Concepts LLC now owns 150,220 shares of the company’s stock worth $6,835,000 after purchasing an additional 48,786 shares during the period.

BNY Mellon High Yield Beta ETF Stock Down 0.1 %

Shares of NYSEARCA:BKHY traded down $0.05 during midday trading on Wednesday, hitting $47.10. The stock had a trading volume of 650,197 shares, compared to its average volume of 37,722. BNY Mellon High Yield Beta ETF has a 1 year low of $44.04 and a 1 year high of $48.51. The stock has a 50 day moving average price of $47.14 and a two-hundred day moving average price of $46.82.

BNY Mellon High Yield Beta ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a $0.3021 dividend. The ex-dividend date was Monday, April 1st. This is an increase from BNY Mellon High Yield Beta ETF’s previous dividend of $0.28.

BNY Mellon High Yield Beta ETF 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.