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

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) reached a new 52-week high on Monday . The stock 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 Down 0.9%

The company has a market cap of $658.07 million, a price-to-earnings ratio of 19.73 and a beta of 1.01. The business has a 50-day simple moving average of $119.77 and a two-hundred day simple moving average of $116.12.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in BNY Mellon US Mid Cap Core Equity ETF during the third quarter worth approximately $57,000. Rockefeller Capital Management L.P. lifted its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 56.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 532 shares of the company’s stock worth $58,000 after buying an additional 192 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF in the second quarter worth $60,000. Arlington Trust Co LLC bought a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF during the 2nd quarter worth $156,000. Finally, Royal Bank of Canada boosted its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 129.8% during the 4th quarter. Royal Bank of Canada now owns 2,116 shares of the company’s stock worth $231,000 after buying an additional 1,195 shares during the period.

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.