BNY Mellon International Equity ETF (NYSEARCA:BKIE) Sets New 52-Week High – Should You Buy?

BNY Mellon International Equity ETF (NYSEARCA:BKIE)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $100.13 and last traded at $100.12, with a volume of 183497 shares. The stock had previously closed at $98.47.

BNY Mellon International Equity ETF Stock Up 1.7%

The business’s 50-day moving average is $94.49 and its 200-day moving average is $90.71. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 16.44 and a beta of 0.85.

BNY Mellon International 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 paid a dividend of $1.0429 per share. This represents a $4.17 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, December 29th. This is a positive change from BNY Mellon International Equity ETF’s previous quarterly dividend of $0.52.

Hedge Funds Weigh In On BNY Mellon International Equity ETF

A number of hedge funds have recently made changes to their positions in the company. Key Financial Inc lifted its stake in BNY Mellon International Equity ETF by 38.2% in the 2nd quarter. Key Financial Inc now owns 478 shares of the company’s stock worth $41,000 after purchasing an additional 132 shares in the last quarter. Harbour Investments Inc. boosted its stake in BNY Mellon International Equity ETF by 13.3% during the fourth quarter. Harbour Investments Inc. now owns 1,895 shares of the company’s stock worth $175,000 after buying an additional 222 shares during the period. Birchbrook Inc. purchased a new position in shares of BNY Mellon International Equity ETF during the 3rd quarter worth approximately $25,000. CWM LLC purchased a new position in shares of BNY Mellon International Equity ETF during the fourth quarter worth $34,000. Finally, Tortoise Investment Management LLC purchased a new position in BNY Mellon International Equity ETF during the 3rd quarter valued at about $38,000.

BNY Mellon International Equity ETF Company Profile

The BNY Mellon International Equity ETF (BKIE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a market-cap-weighted index of large-caps in the Developed Markets outside of US. BKIE was launched on Apr 24, 2020 and is managed by BNY Mellon.