BNY Mellon is trading at 47.07 as of the 11th of June 2024; that is 0.06 percent up since the beginning of the trading day. The etf's open price was 47.04. BNY Mellon has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for BNY Mellon High are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 12th of May 2024 and ending today, the 11th of June 2024. Click here to learn more.
The fund uses a rules-based, systematic investment strategy that seeks to track an index designed to measure the performance of the high yield bond market. BNY Mellon is traded on NYSEARCA Exchange in the United States. More on BNY Mellon High
BNY Mellon High [BKHY] is traded in USA and was established 2020-04-22. The fund is listed under High Yield Bond category and is part of BNY Mellon family. The entity is thematically classified as Corporate ETFs. BNY Mellon High currently have 49.46 M in assets under management (AUM). , while the total return for the last 3 years was 1.6%.
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Geographic Allocation (%)
Top BNY Mellon High Etf Constituents
CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.5%
0.31%
Hilton Grand Vacations Borrower Escrow LLC/ Hilton Grand Vacations Borrower
0.36000002%
Carnival Corporation 11.5%
0.28%
Altice France S.A 7.38%
0.47%
Centene Corporation 4.62%
0.31%
CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.25%
0.28%
Kraft Heinz Foods Company 4.38%
0.28%
Ford Motor Company 9%
0.31%
T-Mobile US, Inc. 7.88%
0.3%
HAT Holdings I LLC and HAT Holdings II LLC 3.38%
0.28%
BNY Mellon High Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. BNY Mellon market risk premium is the additional return an investor will receive from holding BNY Mellon long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in BNY Mellon. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although BNY Mellon's alpha and beta are two of the key measurements used to evaluate BNY Mellon's performance over the market, the standard measures of volatility play an important role as well.
Additional Information and Resources on Investing in BNY Etf
When determining whether BNY Mellon High offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BNY Mellon's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bny Mellon High Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Bny Mellon High Etf:
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The market value of BNY Mellon High is measured differently than its book value, which is the value of BNY that is recorded on the company's balance sheet. Investors also form their own opinion of BNY Mellon's value that differs from its market value or its book value, called intrinsic value, which is BNY Mellon's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BNY Mellon's market value can be influenced by many factors that don't directly affect BNY Mellon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BNY Mellon's value and its price as these two are different measures arrived at by different means. Investors typically determine if BNY Mellon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BNY Mellon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.