BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sets New 12-Month High – What’s Next?

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) reached a new 52-week high on Monday . The company traded as high as $123.11 and last traded at $123.11, with a volume of 2603 shares changing hands. The stock had previously closed at $122.36.

BNY Mellon US Mid Cap Core Equity ETF Stock Performance

The firm has a 50 day moving average price of $119.04 and a two-hundred day moving average price of $115.52. The company has a market capitalization of $651.25 million, a P/E ratio of 19.73 and a beta of 1.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BKMC. Cetera Investment Advisers grew its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 6.9% in the 1st quarter. Cetera Investment Advisers now owns 9,554 shares of the company’s stock worth $1,054,000 after purchasing an additional 613 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 550,459 shares of the company’s stock valued at $60,719,000 after purchasing an additional 35,792 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in BNY Mellon US Mid Cap Core Equity ETF by 1.9% in the first quarter. Geneos Wealth Management Inc. now owns 69,515 shares of the company’s stock valued at $7,668,000 after buying an additional 1,310 shares in the last quarter. Key Financial Inc boosted its position in BNY Mellon US Mid Cap Core Equity ETF by 78.8% in the first quarter. Key Financial Inc now owns 7,253 shares of the company’s stock valued at $800,000 after buying an additional 3,196 shares in the last quarter. Finally, Krilogy Financial LLC bought a new stake in BNY Mellon US Mid Cap Core Equity ETF during the first quarter worth about $267,000.

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.