BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Hits New 52-Week High – Still a Buy?

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $133.78 and last traded at $132.9710, with a volume of 377 shares trading hands. The stock had previously closed at $133.05.

BNY Mellon US Large Cap Core Equity ETF Stock Performance

The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 25.44 and a beta of 1.02. The business has a 50-day simple moving average of $131.69 and a two-hundred day simple moving average of $128.01.

BNY Mellon US Large Cap Core Equity ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Orion Porfolio Solutions LLC acquired a new stake in BNY Mellon US Large Cap Core Equity ETF in the 2nd quarter worth approximately $1,093,000. Carolina Wealth Advisors LLC raised its position in shares of BNY Mellon US Large Cap Core Equity ETF by 8,533.3% during the third quarter. Carolina Wealth Advisors LLC now owns 77,182 shares of the company’s stock valued at $9,909,000 after buying an additional 76,288 shares during the last quarter. Flow Traders U.S. LLC grew its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 58.3% during the 2nd quarter. Flow Traders U.S. LLC now owns 24,868 shares of the company’s stock worth $2,945,000 after purchasing an additional 9,155 shares in the last quarter. Accredited Investors Inc. bought a new stake in BNY Mellon US Large Cap Core Equity ETF in the 2nd quarter valued at $230,000. Finally, Empower Advisory Group LLC bought a new stake in BNY Mellon US Large Cap Core Equity ETF in the second quarter valued at about $274,000.

BNY Mellon US Large Cap Core Equity ETF Company Profile

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.