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) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $41.71 and last traded at $41.71, with a volume of 366 shares trading hands. The stock had previously closed at $41.50.

BNY Mellon US Mid Cap Core Equity ETF Stock Up 0.4%

The stock has a market cap of $671.56 million, a P/E ratio of 19.73 and a beta of 1.01. The company’s 50 day moving average price is $40.47 and its 200-day moving average price is $39.20.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF in the 3rd quarter valued at about $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 acquiring an additional 192 shares during the period. Raymond James Financial Inc. acquired a new position in shares of BNY Mellon US Mid Cap Core Equity ETF in the second quarter worth approximately $60,000. Arlington Trust Co LLC bought a new stake in BNY Mellon US Mid Cap Core Equity ETF in the second quarter valued at approximately $156,000. Finally, Royal Bank of Canada boosted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 129.8% in the fourth quarter. Royal Bank of Canada now owns 2,116 shares of the company’s stock valued at $231,000 after acquiring an additional 1,195 shares during 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.