Integrated Wealth Concepts LLC Boosts Holdings in BNY Mellon High Yield Beta ETF (NYSEARCA:BKHY)

Integrated Wealth Concepts LLC lifted its stake in shares of BNY Mellon High Yield Beta ETF (NYSEARCA:BKHY) by 57.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,088 shares of the company’s stock after purchasing an additional 21,096 shares during the period. Integrated Wealth Concepts LLC’s holdings in BNY Mellon High Yield Beta ETF were worth $2,838,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BKHY. RPOA Advisors Inc. boosted its position 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 purchasing an additional 45,813 shares during the period. Bank of New York Mellon Corp raised its holdings in BNY Mellon High Yield Beta ETF by 36.8% during the 2nd 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 period. Assetmark Inc. lifted its position in shares of BNY Mellon High Yield Beta ETF by 14.4% during the third quarter. Assetmark Inc. now owns 185,760 shares of the company’s stock worth $9,074,000 after acquiring an additional 23,353 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of BNY Mellon High Yield Beta ETF by 15.1% in the second quarter. Envestnet Asset Management Inc. now owns 164,960 shares of the company’s stock valued at $7,781,000 after purchasing an additional 21,626 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in BNY Mellon High Yield Beta ETF by 18.9% during the 2nd quarter. Cetera Investment Advisers now owns 91,871 shares of the company’s stock worth $4,334,000 after purchasing an additional 14,610 shares in the last quarter.

BNY Mellon High Yield Beta ETF Stock Performance

Shares of BKHY opened at $48.45 on Friday. The business’s 50-day moving average price is $48.36 and its 200-day moving average price is $47.93. BNY Mellon High Yield Beta ETF has a twelve month low of $46.19 and a twelve month high of $48.99.

BNY Mellon High Yield Beta ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.2948 dividend. The ex-dividend date was Friday, November 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.