BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sees Large Volume Increase – Here’s What Happened

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) shares saw unusually-high trading volume on Monday . 78,315 shares were traded during trading, a decline of 22% from the previous session’s volume of 100,533 shares.The stock last traded at $41.93 and had previously closed at $42.07.

BNY Mellon US Mid Cap Core Equity ETF Stock Down 0.2%

The firm has a market capitalization of $676.56 million, a price-to-earnings ratio of 19.73 and a beta of 1.01. The stock’s fifty day moving average is $40.60 and its two-hundred day moving average is $39.28.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 18,146.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,377,956 shares of the company’s stock valued at $150,108,000 after purchasing an additional 1,370,404 shares in the last quarter. Diversify Wealth Management LLC lifted its stake in BNY Mellon US Mid Cap Core Equity ETF by 29.5% during the 4th quarter. Diversify Wealth Management LLC now owns 212,257 shares of the company’s stock valued at $24,459,000 after acquiring an additional 48,301 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 550,459 shares of the company’s stock worth $60,719,000 after buying an additional 35,792 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in BNY Mellon US Mid Cap Core Equity ETF in the 4th quarter worth $2,181,000. Finally, Citadel Advisors LLC bought a new stake in BNY Mellon US Mid Cap Core Equity ETF in the 3rd quarter valued at $1,944,000.

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.