BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sees Unusually-High Trading Volume – What’s Next?

Shares of BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) saw an uptick in trading volume on Monday . 191,998 shares were traded during mid-day trading, an increase of 466% from the previous session’s volume of 33,894 shares.The stock last traded at $108.82 and had previously closed at $108.94.

BNY Mellon US Mid Cap Core Equity ETF Stock Performance

The firm’s 50 day moving average price is $105.14 and its two-hundred day moving average price is $99.45. The company has a market cap of $583.93 million, a P/E ratio of 19.73 and a beta of 0.98.

BNY Mellon US Mid Cap Core Equity ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Tuesday, July 1st were issued a dividend of $0.3292 per share. The ex-dividend date was Tuesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 1.2%.

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

Several large investors have recently made changes to their positions in BKMC. SVB Wealth LLC acquired a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF in the 1st quarter valued at about $30,000. Raymond James Financial Inc. bought a new stake in BNY Mellon US Mid Cap Core Equity ETF during the second quarter valued at about $60,000. Barclays PLC bought a new position in BNY Mellon US Mid Cap Core Equity ETF in the fourth quarter valued at approximately $68,000. Accredited Investors Inc. acquired a new position in shares of BNY Mellon US Mid Cap Core Equity ETF during the 1st quarter worth about $223,000. Finally, Key Financial Inc grew its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 43.2% during the 1st quarter. Key Financial Inc now owns 2,374 shares of the company’s stock worth $227,000 after purchasing an additional 716 shares in the last quarter.

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.