BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sees Unusually-High Trading Volume – Here’s Why

Shares of BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) saw unusually-high trading volume on Friday . Approximately 20,348 shares were traded during mid-day trading, a decline of 23% from the previous session’s volume of 26,509 shares.The stock last traded at $109.4640 and had previously closed at $109.99.

BNY Mellon US Mid Cap Core Equity ETF Trading Up 0.9%

The company has a 50 day moving average price of $108.76 and a 200 day moving average price of $106.91. The company has a market capitalization of $612.44 million, a price-to-earnings ratio of 19.73 and a beta of 1.06.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 29th will be issued a $0.4651 dividend. This is a positive change from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.86 annualized dividend and a dividend yield of 1.7%.

Hedge Funds Weigh In On 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. JPMorgan Chase & Co. bought a new position in shares of BNY Mellon US Mid Cap Core Equity ETF in the 3rd quarter valued at about $57,000. Northwestern Mutual Wealth Management Co. grew its holdings in BNY Mellon US Mid Cap Core Equity ETF by 1.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 7,552 shares of the company’s stock worth $820,000 after purchasing an additional 108 shares during the period. 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 BNY Mellon US Mid Cap Core Equity ETF during the third quarter worth approximately $1,944,000. Finally, Bank of America Corp DE raised its stake in 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 buying an additional 5,170 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.