BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Hits New 1-Year High – Should You Buy?

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) reached a new 52-week high on Tuesday . The company traded as high as $49.63 and last traded at $49.40, with a volume of 29258 shares trading hands. The stock had previously closed at $49.41.

BNY Mellon US Large Cap Core Equity ETF Stock Up 0.0%

The firm has a market capitalization of $5.68 billion, a P/E ratio of 25.44 and a beta of 1.02. The firm has a 50 day moving average of $47.75 and a 200-day moving average of $45.54.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKLC. UBS Group AG boosted its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 21.1% in the 4th quarter. UBS Group AG now owns 98,656 shares of the company’s stock valued at $12,904,000 after purchasing an additional 17,207 shares in the last quarter. Main Management Fund Advisors LLC raised its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 3.1% during the 4th quarter. Main Management Fund Advisors LLC now owns 1,028,900 shares of the company’s stock worth $134,580,000 after buying an additional 30,990 shares in the last quarter. Elevation Capital Advisory LLC acquired a new position in shares of BNY Mellon US Large Cap Core Equity ETF during the 4th quarter worth $1,872,000. Ferguson Shapiro LLC bought a new stake in shares of BNY Mellon US Large Cap Core Equity ETF during the 4th quarter worth $18,494,000. Finally, Kestra Advisory Services LLC lifted its position in shares of BNY Mellon US Large Cap Core Equity ETF by 9.9% during the 1st quarter. Kestra Advisory Services LLC now owns 148,706 shares of the company’s stock worth $18,560,000 after buying an additional 13,357 shares during the last quarter.

About BNY Mellon US Large Cap Core Equity ETF

The BNY Mellon US Large Cap Core Equity ETF (BKLC) is an exchange-traded fund that is based on the Morningstar U.S. Large Cap index, a market-cap-weighted index of large-cap stocks that represent the top 70% of the US equity market, in terms of capitalization. BKLC was launched on Apr 9, 2020 and is managed by BNY Mellon.