ShoreHaven Wealth Partners LLC Purchases 38,641 Shares of BNY Mellon High Yield Beta ETF (NYSEARCA:BKHY)

ShoreHaven Wealth Partners LLC boosted its position in BNY Mellon High Yield Beta ETF (NYSEARCA:BKHY) by 250.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,095 shares of the company’s stock after buying an additional 38,641 shares during the period. BNY Mellon High Yield Beta ETF makes up approximately 1.3% of ShoreHaven Wealth Partners LLC’s portfolio, making the stock its 19th biggest position. ShoreHaven Wealth Partners LLC’s holdings in BNY Mellon High Yield Beta ETF were worth $2,643,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC purchased a new position in BNY Mellon High Yield Beta ETF during the second quarter worth about $213,000. Geneos Wealth Management Inc. increased its position in shares of BNY Mellon High Yield Beta ETF by 180.6% during the first quarter. Geneos Wealth Management Inc. now owns 4,560 shares of the company’s stock valued at $217,000 after acquiring an additional 2,935 shares during the last quarter. World Equity Group Inc. bought a new stake in BNY Mellon High Yield Beta ETF during the second quarter worth $226,000. Arkadios Wealth Advisors purchased a new position in BNY Mellon High Yield Beta ETF in the third quarter worth $252,000. Finally, Sunbelt Securities Inc. grew its stake in BNY Mellon High Yield Beta ETF by 21.4% in the 2nd quarter. Sunbelt Securities Inc. now owns 5,191 shares of the company’s stock valued at $245,000 after purchasing an additional 914 shares during the period.

BNY Mellon High Yield Beta ETF Stock Down 0.0 %

Shares of BNY Mellon High Yield Beta ETF stock opened at $48.26 on Friday. BNY Mellon High Yield Beta ETF has a 1 year low of $44.35 and a 1 year high of $48.99. The stock has a fifty day moving average price of $48.41 and a 200-day moving average price of $47.65.

BNY Mellon High Yield Beta ETF Increases Dividend

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

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.