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

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) reached a new 52-week high during trading on Thursday . The company traded as high as $110.40 and last traded at $110.4450, with a volume of 7815 shares traded. The stock had previously closed at $109.30.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

The company has a market cap of $613.29 million, a price-to-earnings ratio of 19.73 and a beta of 1.06. The stock has a 50-day moving average price of $107.84 and a 200 day moving average price of $105.32.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

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

Institutional Investors Weigh In On BNY Mellon US Mid Cap Core Equity ETF

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its position in BNY Mellon US Mid Cap Core Equity ETF by 1.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 7,552 shares of the company’s stock worth $820,000 after acquiring an additional 108 shares during the last quarter. Flow Traders U.S. LLC increased its position in BNY Mellon US Mid Cap Core Equity ETF by 867.1% during the third quarter. Flow Traders U.S. LLC now owns 29,969 shares of the company’s stock worth $3,252,000 after buying an additional 26,870 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of BNY Mellon US Mid Cap Core Equity ETF during the 3rd quarter worth approximately $1,944,000. Bank of America Corp DE raised its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 17.6% in the third quarter. Bank of America Corp DE now owns 34,486 shares of the company’s stock valued at $3,742,000 after purchasing an additional 5,170 shares during the period. Finally, Crux Wealth Advisors raised its holdings in BNY Mellon US Mid Cap Core Equity ETF by 13.4% in the 3rd quarter. Crux Wealth Advisors now owns 5,767 shares of the company’s stock valued at $626,000 after acquiring an additional 681 shares during the period.

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.