BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Reaches New 1-Year High – Time to Buy?

Shares of BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) hit a new 52-week high during trading on Tuesday . The company traded as high as $141.75 and last traded at $141.50, with a volume of 113051 shares traded. The stock had previously closed at $141.10.

BNY Mellon US Large Cap Core Equity ETF Stock Up 0.3%

The business has a 50-day moving average price of $130.82 and a 200-day moving average price of $130.95. The firm has a market capitalization of $5.44 billion, a P/E ratio of 25.44 and a beta of 1.02.

Institutional Trading of BNY Mellon US Large Cap Core Equity ETF

Several institutional investors have recently made changes to their positions in BKLC. Jane Street Group LLC acquired a new position in BNY Mellon US Large Cap Core Equity ETF in the first quarter worth about $1,105,000. Raymond James Financial Inc. raised its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 3.5% in the 2nd quarter. Raymond James Financial Inc. now owns 4,105 shares of the company’s stock worth $486,000 after buying an additional 137 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of BNY Mellon US Large Cap Core Equity ETF by 5.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 364,511 shares of the company’s stock worth $43,169,000 after buying an additional 18,595 shares during the period. MML Investors Services LLC grew its position in BNY Mellon US Large Cap Core Equity ETF by 81.7% in the second quarter. MML Investors Services LLC now owns 12,712 shares of the company’s stock valued at $1,506,000 after acquiring an additional 5,716 shares during the period. Finally, Orion Porfolio Solutions LLC acquired a new position in BNY Mellon US Large Cap Core Equity ETF during the second quarter worth $1,093,000.

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.