BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Reaches New 1-Year High – Time to Buy?

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $48.67 and last traded at $48.66, with a volume of 25072 shares trading hands. The stock had previously closed at $48.35.

BNY Mellon US Large Cap Core Equity ETF Price Performance

The stock’s 50 day moving average price is $47.65 and its two-hundred day moving average price is $45.36. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 25.44 and a beta of 1.02.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG boosted its holdings in BNY Mellon US Large Cap Core Equity ETF by 21.1% in the 4th quarter. UBS Group AG now owns 98,656 shares of the company’s stock valued at $12,904,000 after purchasing an additional 17,207 shares during the period. Main Management Fund Advisors LLC increased its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 3.1% during the 4th quarter. Main Management Fund Advisors LLC now owns 1,028,900 shares of the company’s stock worth $134,580,000 after purchasing an additional 30,990 shares during the period. WealthBridge Capital Management LLC increased its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 4.3% during the 4th quarter. WealthBridge Capital Management LLC now owns 147,610 shares of the company’s stock worth $19,307,000 after purchasing an additional 6,137 shares during the period. Elevation Capital Advisory LLC acquired a new stake in BNY Mellon US Large Cap Core Equity ETF during the fourth quarter worth about $1,872,000. Finally, Ferguson Shapiro LLC bought a new position in BNY Mellon US Large Cap Core Equity ETF during the fourth quarter valued at about $18,494,000.

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.