BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Shares Down 0.6% – Should You Sell?

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC)’s share price fell 0.6% during trading on Tuesday . The stock traded as low as $40.48 and last traded at $40.48. 17,966 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 93,452 shares. The stock had previously closed at $40.73.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

The company has a fifty day moving average price of $40.79 and a two-hundred day moving average price of $39.54. The company has a market capitalization of $638.35 million, a P/E ratio of 19.73 and a beta of 1.01.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.3775 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.51 annualized dividend and a yield of 3.8%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in BKMC. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 18,146.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,377,956 shares of the company’s stock worth $150,108,000 after purchasing an additional 1,370,404 shares during the period. Bank of New York Mellon Corp raised its position in BNY Mellon US Mid Cap Core Equity ETF by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 550,459 shares of the company’s stock worth $60,719,000 after purchasing an additional 35,792 shares during the last quarter. Geneos Wealth Management Inc. raised its position in BNY Mellon US Mid Cap Core Equity ETF by 1.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69,515 shares of the company’s stock worth $7,668,000 after purchasing an additional 1,310 shares during the last quarter. Bank of America Corp DE raised its position in BNY Mellon US Mid Cap Core Equity ETF by 17.6% during the 3rd quarter. Bank of America Corp DE now owns 34,486 shares of the company’s stock worth $3,742,000 after purchasing an additional 5,170 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in BNY Mellon US Mid Cap Core Equity ETF during the 4th quarter worth about $2,181,000.

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.