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

Shares of BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) hit a new 52-week high on Monday . The company traded as high as $124.33 and last traded at $123.69, with a volume of 316 shares trading hands. The stock had previously closed at $122.88.

BNY Mellon US Mid Cap Core Equity ETF Stock Performance

The firm’s 50 day moving average is $119.57 and its two-hundred day moving average is $115.95. The stock has a market capitalization of $665.00 million, a PE ratio of 19.73 and a beta of 1.01.

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

Several institutional investors have recently modified their holdings of BKMC. Northwestern Mutual Wealth Management Co. increased its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 18,146.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,377,956 shares of the company’s stock worth $150,108,000 after acquiring an additional 1,370,404 shares during the period. Diversify Wealth Management LLC boosted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 29.5% in the fourth quarter. Diversify Wealth Management LLC now owns 212,257 shares of the company’s stock valued at $24,459,000 after purchasing an additional 48,301 shares during the period. Bank of New York Mellon Corp grew its stake 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 worth $60,719,000 after purchasing an additional 35,792 shares in the last quarter. Flow Traders U.S. LLC grew its stake in BNY Mellon US Mid Cap Core Equity ETF by 867.1% during the 3rd quarter. Flow Traders U.S. LLC now owns 29,969 shares of the company’s stock worth $3,252,000 after purchasing an additional 26,870 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in BNY Mellon US Mid Cap Core Equity ETF during the 4th quarter worth $2,181,000.

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.