BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Sees Unusually-High Trading Volume – Here’s Why

Shares of BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) saw unusually-high trading volume on Tuesday . Approximately 385,049 shares were traded during trading, an increase of 143% from the previous session’s volume of 158,133 shares.The stock last traded at $130.8930 and had previously closed at $130.42.

BNY Mellon US Large Cap Core Equity ETF Stock Performance

The business’s fifty day moving average is $131.74 and its 200-day moving average is $129.05. The firm has a market cap of $5.13 billion, a P/E ratio of 25.44 and a beta of 1.02.

BNY Mellon US Large Cap Core Equity ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were paid a dividend of $0.3923 per share. The ex-dividend date of this dividend was Monday, December 29th. This is an increase from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.33. This represents a $1.57 annualized dividend and a dividend yield of 1.2%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC acquired a new position in shares of BNY Mellon US Large Cap Core Equity ETF in the 2nd quarter worth approximately $1,093,000. Flow Traders U.S. LLC increased its position in BNY Mellon US Large Cap Core Equity ETF by 58.3% in the 2nd quarter. Flow Traders U.S. LLC now owns 24,868 shares of the company’s stock valued at $2,945,000 after buying an additional 9,155 shares in the last quarter. Carolina Wealth Advisors LLC raised its position in shares of BNY Mellon US Large Cap Core Equity ETF by 8,533.3% during the third quarter. Carolina Wealth Advisors LLC now owns 77,182 shares of the company’s stock worth $9,909,000 after purchasing an additional 76,288 shares during the period. Wealthspire Advisors LLC acquired a new stake in BNY Mellon US Large Cap Core Equity ETF in the 2nd quarter valued at $932,000. Finally, Empower Advisory Group LLC bought a new stake in BNY Mellon US Large Cap Core Equity ETF during the 2nd quarter valued at $274,000.

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.