BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Sets New 52-Week High – Here’s Why

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $133.12 and last traded at $133.0480, with a volume of 42580 shares traded. The stock had previously closed at $132.72.

BNY Mellon US Large Cap Core Equity ETF Trading Up 0.0%

The stock has a market cap of $5.01 billion, a P/E ratio of 25.44 and a beta of 1.02. The business has a 50-day simple moving average of $130.45 and a 200 day simple moving average of $126.17.

BNY Mellon US Large Cap Core 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 $0.3923 dividend. The ex-dividend date was Monday, December 29th. This is a boost from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.33. This represents a $1.57 annualized dividend and a yield of 1.2%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BKLC. Collective Family Office LLC boosted its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 11.0% in the 4th quarter. Collective Family Office LLC now owns 15,270 shares of the company’s stock valued at $1,997,000 after purchasing an additional 1,515 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in BNY Mellon US Large Cap Core Equity ETF by 27.2% in the fourth quarter. Park Avenue Securities LLC now owns 23,081 shares of the company’s stock valued at $3,019,000 after buying an additional 4,938 shares during the period. Triumph Capital Management bought a new stake in BNY Mellon US Large Cap Core Equity ETF during the third quarter valued at $103,000. IFP Advisors Inc grew its holdings in BNY Mellon US Large Cap Core Equity ETF by 6.7% during the 3rd quarter. IFP Advisors Inc now owns 67,509 shares of the company’s stock worth $8,667,000 after acquiring an additional 4,250 shares during the period. Finally, Lantern Wealth Advisors LLC grew its holdings in BNY Mellon US Large Cap Core Equity ETF by 14.3% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 6,654 shares of the company’s stock worth $854,000 after acquiring an additional 832 shares during the period.

BNY Mellon US Large Cap Core Equity ETF Company Profile

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.