BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Hits New 1-Year High – Here’s Why

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $119.71 and last traded at $119.43, with a volume of 2465 shares traded. The stock had previously closed at $117.89.

BNY Mellon US Mid Cap Core Equity ETF Stock Up 1.6%

The company’s fifty day moving average is $113.86 and its 200 day moving average is $112.35. The firm has a market cap of $633.42 million, a price-to-earnings ratio of 19.73 and a beta of 1.02.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 7.0% during the first quarter. Bank of New York Mellon Corp now owns 550,459 shares of the company’s stock worth $60,719,000 after purchasing an additional 35,792 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 1.9% during the first quarter. Geneos Wealth Management Inc. now owns 69,515 shares of the company’s stock worth $7,668,000 after purchasing an additional 1,310 shares during the last quarter. Key Financial Inc boosted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 78.8% during the first quarter. Key Financial Inc now owns 7,253 shares of the company’s stock worth $800,000 after purchasing an additional 3,196 shares during the last quarter. Krilogy Financial LLC acquired a new position in BNY Mellon US Mid Cap Core Equity ETF during the first quarter worth $267,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 56.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 532 shares of the company’s stock worth $58,000 after purchasing an additional 192 shares during 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.