BNY Mellon International Equity ETF (NYSEARCA:BKIE) Sees Unusually-High Trading Volume – Here’s Why

BNY Mellon International Equity ETF (NYSEARCA:BKIE) saw an uptick in trading volume on Friday . 371,075 shares changed hands during mid-day trading, an increase of 309% from the previous session’s volume of 90,663 shares.The stock last traded at $99.88 and had previously closed at $99.82.

BNY Mellon International Equity ETF Trading Up 0.1%

The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 16.44 and a beta of 0.79. The firm has a 50 day moving average price of $99.05 and a two-hundred day moving average price of $96.82.

Institutional Investors Weigh In On BNY Mellon International Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC grew its position in BNY Mellon International Equity ETF by 109.0% in the first quarter. NewEdge Advisors LLC now owns 30,639 shares of the company’s stock valued at $2,863,000 after acquiring an additional 15,978 shares in the last quarter. Bank of America Corp DE grew its stake in BNY Mellon International Equity ETF by 225.9% during the 1st quarter. Bank of America Corp DE now owns 65,405 shares of the company’s stock valued at $6,111,000 after purchasing an additional 45,335 shares in the last quarter. Royal Bank of Canada increased its holdings in BNY Mellon International Equity ETF by 2.4% during the 1st quarter. Royal Bank of Canada now owns 4,776 shares of the company’s stock worth $446,000 after purchasing an additional 114 shares during the last quarter. Independent Financial Group LLC acquired a new position in shares of BNY Mellon International Equity ETF in the 1st quarter valued at approximately $2,733,000. Finally, Private Advisor Group LLC raised its position in shares of BNY Mellon International Equity ETF by 61.3% in the 1st quarter. Private Advisor Group LLC now owns 9,757 shares of the company’s stock valued at $912,000 after purchasing an additional 3,707 shares in the last quarter.

BNY Mellon International Equity ETF Company Profile

The BNY Mellon International Equity ETF (BKIE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a market-cap-weighted index of large-caps in the Developed Markets outside of US. BKIE was launched on Apr 24, 2020 and is managed by BNY Mellon.