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

ShoreHaven Wealth Partners LLC trimmed its position in BNY Mellon High Yield Beta ETF (NYSEARCA:BKHY) by 65.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,188 shares of the company’s stock after selling 69,108 shares during the quarter. BNY Mellon High Yield Beta ETF comprises about 1.0% of ShoreHaven Wealth Partners LLC’s investment portfolio, making the stock its 25th biggest position. ShoreHaven Wealth Partners LLC owned about 1.48% of BNY Mellon High Yield Beta ETF worth $1,714,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Atria Wealth Solutions Inc. purchased a new position in shares of BNY Mellon High Yield Beta ETF in the 4th quarter worth approximately $666,000. Keener Financial Planning LLC purchased a new position in BNY Mellon High Yield Beta ETF during the fourth quarter worth $42,000. Strategic Blueprint LLC bought a new position in BNY Mellon High Yield Beta ETF during the fourth quarter valued at $297,000. Fulcrum Equity Management purchased a new stake in shares of BNY Mellon High Yield Beta ETF in the fourth quarter valued at $611,000. Finally, Family Investment Center Inc. bought a new stake in shares of BNY Mellon High Yield Beta ETF in the 4th quarter worth about $207,000.

BNY Mellon High Yield Beta ETF Price Performance

Shares of BKHY stock traded down $0.05 during trading hours on Wednesday, reaching $47.10. 650,197 shares of the stock were exchanged, compared to its average volume of 37,722. BNY Mellon High Yield Beta ETF has a 12-month low of $44.04 and a 12-month high of $48.51. The company’s 50-day moving average price is $47.14 and its 200-day moving average price is $46.82.

BNY Mellon High Yield Beta ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were paid a dividend of $0.3021 per share. This is a boost from BNY Mellon High Yield Beta ETF’s previous dividend of $0.28. The ex-dividend date was Monday, April 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.