BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sets New 1-Year High – Here’s Why

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) shares reached a new 52-week high on Thursday . The company traded as high as $110.40 and last traded at $110.4450, with a volume of 7815 shares trading hands. The stock had previously closed at $109.30.

BNY Mellon US Mid Cap Core Equity ETF Trading Up 0.1%

The stock’s 50-day moving average price is $107.93 and its two-hundred day moving average price is $105.41. The stock has a market capitalization of $614.26 million, a P/E ratio of 19.73 and a beta of 1.06.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.3492 per share. This represents a $1.40 annualized dividend and a yield of 1.3%. This is a positive change from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Wednesday, October 1st.

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

Several hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers increased its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 30.2% in the first quarter. Cetera Investment Advisers now owns 7,129 shares of the company’s stock worth $682,000 after purchasing an additional 1,653 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF during the 1st quarter valued at approximately $30,000. Crux Wealth Advisors lifted its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 15.9% during the 2nd quarter. Crux Wealth Advisors now owns 5,086 shares of the company’s stock valued at $521,000 after buying an additional 696 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 105.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,585 shares of the company’s stock worth $438,000 after buying an additional 2,349 shares during the period. Finally, Flow Traders U.S. LLC grew its stake in BNY Mellon US Mid Cap Core Equity ETF by 157.3% in the 1st quarter. Flow Traders U.S. LLC now owns 17,072 shares of the company’s stock valued at $1,632,000 after buying an additional 10,437 shares in the last quarter.

About BNY Mellon US Mid Cap Core Equity ETF

The BNY Mellon US Mid Cap Core Equity ETF (BKMC) is an exchange-traded fund that is based on the Morningstar US Mid Cap index. The fund tracks a market-cap weighted index of US mid-cap stocks that covers the bottom 10-30% market capitalization. BKMC was launched on Apr 9, 2020 and is managed by BNY Mellon.