BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sets New 52-Week High – What’s Next?

Shares of BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) hit a new 52-week high during trading on Monday . The company traded as high as $115.01 and last traded at $114.7960, with a volume of 10845 shares trading hands. The stock had previously closed at $113.81.

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

The business’s 50-day moving average is $109.28 and its two-hundred day moving average is $107.55. The stock has a market capitalization of $649.67 million, a PE ratio of 19.73 and a beta of 1.06.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were paid a $0.4651 dividend. This represents a $1.86 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, December 29th.

Hedge Funds Weigh In On BNY Mellon US Mid Cap Core Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new position in shares of BNY Mellon US Mid Cap Core Equity ETF during the third quarter worth $57,000. Raymond James Financial Inc. purchased a new position in BNY Mellon US Mid Cap Core Equity ETF in the 2nd quarter valued at about $60,000. Fifth Third Wealth Advisors LLC purchased a new position in BNY Mellon US Mid Cap Core Equity ETF in the 3rd quarter valued at about $226,000. Key Financial Inc grew its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 56.4% during the second quarter. Key Financial Inc now owns 3,713 shares of the company’s stock valued at $380,000 after acquiring an additional 1,339 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 105.1% during the first quarter. Goldman Sachs Group Inc. now owns 4,585 shares of the company’s stock worth $438,000 after acquiring an additional 2,349 shares during 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.