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

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC)’s share price reached a new 52-week high on Tuesday . The company traded as high as $49.63 and last traded at $49.40, with a volume of 29258 shares trading hands. The stock had previously closed at $49.41.

BNY Mellon US Large Cap Core Equity ETF Stock Performance

The firm’s 50-day simple moving average is $47.79 and its 200 day simple moving average is $45.62. The stock has a market capitalization of $5.67 billion, a P/E ratio of 25.44 and a beta of 1.02.

Institutional Trading of BNY Mellon US Large Cap Core Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of BKLC. Royal Bank of Canada boosted its position in BNY Mellon US Large Cap Core Equity ETF by 2,374.0% during the first quarter. Royal Bank of Canada now owns 411,647 shares of the company’s stock valued at $51,377,000 after purchasing an additional 395,008 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of BNY Mellon US Large Cap Core Equity ETF by 77.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 648,631 shares of the company’s stock worth $85,283,000 after purchasing an additional 284,120 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 12.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,526,246 shares of the company’s stock worth $190,491,000 after purchasing an additional 174,048 shares in the last quarter. Stadion Money Management LLC raised its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 32.8% during the 1st quarter. Stadion Money Management LLC now owns 607,509 shares of the company’s stock worth $75,823,000 after purchasing an additional 150,119 shares in the last quarter. Finally, Ferguson Shapiro LLC acquired a new stake in shares of BNY Mellon US Large Cap Core Equity ETF in the 4th quarter valued at approximately $18,494,000.

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.