BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Share Price Breaks Above 50-Day Moving Average – What’s Next?

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC)’s stock price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $49.09 and traded as high as $49.26. BNY Mellon US Large Cap Core Equity ETF shares last traded at $49.19, with a volume of 174,149 shares.

BNY Mellon US Large Cap Core Equity ETF Stock Performance

The company’s fifty day moving average price is $49.09 and its 200 day moving average price is $46.47. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 25.44 and a beta of 1.02.

BNY Mellon US Large Cap Core Equity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.1260 dividend. This is a decrease from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.3828. This represents a $0.50 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, October 1st.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vaquero Private Wealth Ltd. grew its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 182.6% during the third quarter. Vaquero Private Wealth Ltd. now owns 357,005 shares of the company’s stock valued at $17,443,000 after purchasing an additional 230,666 shares during the last quarter. Balance Wealth Partners LLC acquired a new stake in shares of BNY Mellon US Large Cap Core Equity ETF during the 3rd quarter worth approximately $156,000. Penobscot Investment Management Company Inc. raised its position in shares of BNY Mellon US Large Cap Core Equity ETF by 200.0% during the 3rd quarter. Penobscot Investment Management Company Inc. now owns 14,247 shares of the company’s stock worth $696,000 after purchasing an additional 9,498 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of BNY Mellon US Large Cap Core Equity ETF during the 3rd quarter worth approximately $6,351,000. Finally, E6 Portfolios LLC lifted its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 204.0% in the 3rd quarter. E6 Portfolios LLC now owns 15,649 shares of the company’s stock worth $765,000 after purchasing an additional 10,501 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.