BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Hits New 12-Month High – Here’s What Happened

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $117.53 and last traded at $117.14, with a volume of 14811 shares traded. The stock had previously closed at $115.03.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

The firm has a market cap of $662.29 million, a P/E ratio of 19.73 and a beta of 1.06. The stock’s 50-day simple moving average is $110.45 and its two-hundred day simple moving average is $108.17.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 29th were paid a $0.4651 dividend. The ex-dividend date of this dividend was Monday, December 29th. This is an increase from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.35. This represents a $1.86 annualized dividend and a yield of 1.6%.

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. increased its holdings in BNY Mellon US Mid Cap Core Equity ETF by 406.8% during the second quarter. Osaic Holdings Inc. now owns 14,135 shares of the company’s stock valued at $1,447,000 after buying an additional 11,346 shares during the period. Geneos Wealth Management Inc. lifted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 111.2% during the second quarter. Geneos Wealth Management Inc. now owns 63,969 shares of the company’s stock worth $6,548,000 after buying an additional 33,687 shares during the period. Crux Wealth Advisors boosted its position in BNY Mellon US Mid Cap Core Equity ETF by 15.9% during the 2nd quarter. Crux Wealth Advisors now owns 5,086 shares of the company’s stock valued at $521,000 after acquiring an additional 696 shares in the last quarter. RPOA Advisors Inc. boosted its position in BNY Mellon US Mid Cap Core Equity ETF by 5.2% during the 3rd quarter. RPOA Advisors Inc. now owns 4,229,542 shares of the company’s stock valued at $458,971,000 after acquiring an additional 209,436 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 105.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,585 shares of the company’s stock valued at $438,000 after acquiring an additional 2,349 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.