BNY Mellon International Equity ETF (NYSEARCA:BKIE) Reaches New 52-Week High – Time to Buy?

BNY Mellon International Equity ETF (NYSEARCA:BKIE)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $100.13 and last traded at $100.12, with a volume of 183497 shares. The stock had previously closed at $98.47.

BNY Mellon International Equity ETF Stock Down 0.9%

The stock has a market cap of $1.23 billion, a P/E ratio of 16.44 and a beta of 0.85. The firm has a 50 day simple moving average of $95.04 and a 200-day simple moving average of $90.94.

BNY Mellon International Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 29th were issued a dividend of $1.0429 per share. This represents a $4.17 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, December 29th. This is a positive change from BNY Mellon International Equity ETF’s previous quarterly dividend of $0.52.

Institutional Investors Weigh In On BNY Mellon International Equity ETF

A number of institutional investors have recently made changes to their positions in the company. Birchbrook Inc. acquired a new stake in BNY Mellon International Equity ETF during the 3rd quarter worth approximately $25,000. CWM LLC acquired a new stake in shares of BNY Mellon International Equity ETF during the fourth quarter worth $34,000. Tortoise Investment Management LLC bought a new stake in shares of BNY Mellon International Equity ETF in the third quarter valued at about $38,000. Key Financial Inc grew its stake in shares of BNY Mellon International Equity ETF by 38.2% in the second quarter. Key Financial Inc now owns 478 shares of the company’s stock valued at $41,000 after acquiring an additional 132 shares in the last quarter. Finally, First Horizon Advisors Inc. bought a new position in BNY Mellon International Equity ETF during the second quarter worth about $52,000.

About BNY Mellon International Equity ETF

The BNY Mellon International Equity ETF (BKIE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a market-cap-weighted index of large-caps in the Developed Markets outside of US. BKIE was launched on Apr 24, 2020 and is managed by BNY Mellon.