BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC)’s share price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $39.39 and traded as high as $39.96. BNY Mellon US Mid Cap Core Equity ETF shares last traded at $39.85, with a volume of 33,254 shares.

BNY Mellon US Mid Cap Core Equity ETF Trading Up 3.0%

The firm has a market cap of $657.52 million, a PE ratio of 18.57 and a beta of 1.01. The business’s 50-day simple moving average is $39.33 and its 200 day simple moving average is $39.39.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.1386 dividend. This represents a $0.55 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, October 1st. This is a drop from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.3775.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. increased its holdings in BNY Mellon US Mid Cap Core Equity ETF by 56.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 532 shares of the company’s stock valued at $58,000 after buying an additional 192 shares during the period. Arlington Trust Co LLC bought a new position in BNY Mellon US Mid Cap Core Equity ETF in the second quarter worth approximately $156,000. Patriot Investment Management Group Inc. lifted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 200.0% during the third quarter. Patriot Investment Management Group Inc. now owns 6,000 shares of the company’s stock worth $232,000 after buying an additional 4,000 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 200.0% during the third quarter. Fifth Third Wealth Advisors LLC now owns 6,252 shares of the company’s stock worth $241,000 after buying an additional 4,168 shares during the period. Finally, Krilogy Financial LLC lifted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 198.2% during the third quarter. Krilogy Financial LLC now owns 6,591 shares of the company’s stock worth $256,000 after buying an additional 4,381 shares during the period.

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.