BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Reaches 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 during trading on Tuesday . The company traded as high as $48.67 and last traded at $48.66, with a volume of 25072 shares changing hands. The stock had previously closed at $48.35.

BNY Mellon US Large Cap Core Equity ETF Trading Down 0.2%

The firm’s fifty day moving average is $47.69 and its 200 day moving average is $45.43. The company has a market cap of $5.64 billion, a PE ratio of 25.44 and a beta of 1.02.

Hedge Funds Weigh In On BNY Mellon US Large Cap Core Equity ETF

Hedge funds have recently made changes to their positions in the company. UBS Group AG grew its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 21.1% in the fourth quarter. UBS Group AG now owns 98,656 shares of the company’s stock valued at $12,904,000 after purchasing an additional 17,207 shares during the period. Main Management Fund Advisors LLC boosted its holdings in BNY Mellon US Large Cap Core Equity ETF by 3.1% in the fourth quarter. Main Management Fund Advisors LLC now owns 1,028,900 shares of the company’s stock valued at $134,580,000 after purchasing an additional 30,990 shares during the period. WealthBridge Capital Management LLC increased its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 4.3% during the fourth quarter. WealthBridge Capital Management LLC now owns 147,610 shares of the company’s stock worth $19,307,000 after buying an additional 6,137 shares during the period. Elevation Capital Advisory LLC acquired a new stake in shares of BNY Mellon US Large Cap Core Equity ETF in the 4th quarter valued at $1,872,000. Finally, Ferguson Shapiro LLC acquired a new stake in shares of BNY Mellon US Large Cap Core Equity ETF during the 4th quarter worth about $18,494,000.

About BNY Mellon US Large Cap Core Equity ETF

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.