BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Sets New 1-Year High – Should You Buy?

Shares of BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) hit a new 52-week high on Tuesday . The stock traded as high as $133.46 and last traded at $133.3370, with a volume of 50508 shares trading hands. The stock had previously closed at $132.74.

BNY Mellon US Large Cap Core Equity ETF Trading Up 0.4%

The stock has a market cap of $5.14 billion, a PE ratio of 25.44 and a beta of 1.02. The company’s 50 day moving average is $131.06 and its 200-day moving average is $127.54.

BNY Mellon US Large Cap Core Equity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were given a dividend of $0.3923 per share. The ex-dividend date of this dividend was Monday, December 29th. This is a positive change from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.33. This represents a $1.57 dividend on an annualized basis and a dividend yield of 1.2%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Creekmur Asset Management LLC acquired a new stake in BNY Mellon US Large Cap Core Equity ETF in the second quarter worth $33,000. FSA Wealth Management LLC bought a new position in shares of BNY Mellon US Large Cap Core Equity ETF during the second quarter worth about $37,000. Center for Financial Planning Inc. acquired a new stake in shares of BNY Mellon US Large Cap Core Equity ETF in the 3rd quarter worth about $37,000. EverSource Wealth Advisors LLC increased its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 47.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 287 shares of the company’s stock worth $37,000 after acquiring an additional 92 shares during the period. Finally, Assetmark Inc. lifted its position in BNY Mellon US Large Cap Core Equity ETF by 174.0% in the 4th quarter. Assetmark Inc. now owns 348 shares of the company’s stock valued at $46,000 after purchasing an additional 221 shares during the last quarter.

About BNY Mellon US Large Cap Core Equity ETF

The BNY Mellon US Large Cap Core Equity ETF (BKLC) is an exchange-traded fund that is based on the Morningstar U.S. Large Cap index, a market-cap-weighted index of large-cap stocks that represent the top 70% of the US equity market, in terms of capitalization. BKLC was launched on Apr 9, 2020 and is managed by BNY Mellon.