BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Reaches New 52-Week High – Here’s What Happened

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) shares reached a new 52-week high on Tuesday . The stock traded as high as $119.76 and last traded at $119.76, with a volume of 173 shares changing hands. The stock had previously closed at $117.57.

BNY Mellon US Mid Cap Core Equity ETF Stock Up 1.1%

The company’s 50-day moving average is $114.51 and its two-hundred day moving average is $113.29. The company has a market cap of $634.54 million, a P/E ratio of 19.73 and a beta of 1.02.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in BNY Mellon US Mid Cap Core Equity ETF during the third quarter valued at $57,000. Rockefeller Capital Management L.P. boosted its position in BNY Mellon US Mid Cap Core Equity ETF by 56.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 532 shares of the company’s stock worth $58,000 after purchasing an additional 192 shares during the period. Raymond James Financial Inc. bought a new position in BNY Mellon US Mid Cap Core Equity ETF during the second quarter worth about $60,000. Royal Bank of Canada boosted its position in BNY Mellon US Mid Cap Core Equity ETF by 129.8% during the fourth quarter. Royal Bank of Canada now owns 2,116 shares of the company’s stock worth $231,000 after purchasing an additional 1,195 shares during the period. Finally, Krilogy Financial LLC bought a new position in BNY Mellon US Mid Cap Core Equity ETF during the first quarter worth about $267,000.

About BNY Mellon US Mid Cap Core Equity ETF

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.