BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sets New 1-Year High – Still a Buy?

Shares of BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) hit a new 52-week high on Wednesday . The stock traded as high as $111.52 and last traded at $111.1890, with a volume of 13469 shares traded. The stock had previously closed at $109.62.

BNY Mellon US Mid Cap Core Equity ETF Stock Down 1.3%

The firm has a market capitalization of $616.88 million, a price-to-earnings ratio of 19.73 and a beta of 1.06. The business’s 50-day simple moving average is $108.12 and its two-hundred day simple moving average is $105.84.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were issued a $0.3492 dividend. This is a boost from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.33. The ex-dividend date was Wednesday, October 1st. This represents a $1.40 annualized dividend and a yield of 1.3%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF in the first quarter valued at $30,000. JPMorgan Chase & Co. purchased a new position in shares of BNY Mellon US Mid Cap Core Equity ETF in the third quarter valued at approximately $57,000. Raymond James Financial Inc. acquired a new position in shares of BNY Mellon US Mid Cap Core Equity ETF in the second quarter valued at approximately $60,000. Fifth Third Wealth Advisors LLC purchased a new stake in BNY Mellon US Mid Cap Core Equity ETF during the 3rd quarter worth approximately $226,000. Finally, Key Financial Inc lifted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 56.4% during the 2nd quarter. Key Financial Inc now owns 3,713 shares of the company’s stock worth $380,000 after buying an additional 1,339 shares in the last quarter.

BNY Mellon US Mid Cap Core Equity ETF Company Profile

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.