BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC)’s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $39.39 and traded as high as $39.96. BNY Mellon US Mid Cap Core Equity ETF shares last traded at $39.85, with a volume of 33,254 shares traded.

BNY Mellon US Mid Cap Core Equity ETF Trading Up 0.8%

The firm has a fifty day simple moving average of $39.31 and a 200-day simple moving average of $39.39. The stock has a market cap of $660.33 million, a price-to-earnings ratio of 18.57 and a beta of 1.01.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.1386 per share. This represents a $0.55 annualized dividend and a dividend yield of 1.4%. This is a drop from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.3775. The ex-dividend date of this dividend was Thursday, October 1st.

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

Hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC bought a new stake in BNY Mellon US Mid Cap Core Equity ETF during the 3rd quarter worth about $911,000. Fifth Third Wealth Advisors LLC lifted its position in BNY Mellon US Mid Cap Core Equity ETF by 200.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 6,252 shares of the company’s stock valued at $241,000 after purchasing an additional 4,168 shares during the period. Sunrise Financial Services LLC lifted its position in BNY Mellon US Mid Cap Core Equity ETF by 182.5% during the 3rd quarter. Sunrise Financial Services LLC now owns 13,972 shares of the company’s stock valued at $539,000 after purchasing an additional 9,026 shares during the period. RPOA Advisors Inc. boosted its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 205.3% in the 3rd quarter. RPOA Advisors Inc. now owns 10,564,518 shares of the company’s stock valued at $407,685,000 after purchasing an additional 7,104,670 shares during the last quarter. Finally, Patriot Investment Management Group Inc. boosted its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 200.0% in the 3rd quarter. Patriot Investment Management Group Inc. now owns 6,000 shares of the company’s stock valued at $232,000 after purchasing an additional 4,000 shares during the last quarter.

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.