BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Hits New 12-Month High – Here’s Why

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $111.52 and last traded at $111.1890, with a volume of 13469 shares changing hands. The stock had previously closed at $109.62.

BNY Mellon US Mid Cap Core Equity ETF Trading Up 1.3%

The firm’s fifty day moving average is $107.98 and its 200-day moving average is $105.67. The stock has a market capitalization of $618.44 million, a PE ratio of 19.73 and a beta of 1.06.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

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

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKMC. SVB Wealth LLC acquired a new position in BNY Mellon US Mid Cap Core Equity ETF during the first quarter worth $30,000. JPMorgan Chase & Co. purchased a new stake in BNY Mellon US Mid Cap Core Equity ETF during the third quarter worth about $57,000. Raymond James Financial Inc. acquired a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF during the second quarter worth about $60,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of BNY Mellon US Mid Cap Core Equity ETF in the third quarter valued at approximately $226,000. Finally, Key Financial Inc grew its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 56.4% in the second quarter. Key Financial Inc now owns 3,713 shares of the company’s stock valued at $380,000 after purchasing an additional 1,339 shares in the last quarter.

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.