BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sees Unusually-High Trading Volume – Here’s Why

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) saw unusually-strong trading volume on Thursday . Approximately 235,324 shares changed hands during trading, an increase of 1,037% from the previous session’s volume of 20,701 shares.The stock last traded at $118.6450 and had previously closed at $117.60.

BNY Mellon US Mid Cap Core Equity ETF Trading Up 0.9%

The company’s 50 day moving average price is $114.86 and its two-hundred day moving average price is $110.40. The firm has a market cap of $658.73 million, a PE ratio of 19.73 and a beta of 1.06.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 29th were issued a dividend of $0.4651 per share. This is a boost from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.35. This represents a $1.86 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, December 29th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 1.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 7,552 shares of the company’s stock valued at $820,000 after acquiring an additional 108 shares during the period. Envestnet Asset Management Inc. lifted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 5.5% during the third quarter. Envestnet Asset Management Inc. now owns 5,598 shares of the company’s stock valued at $607,000 after purchasing an additional 294 shares in the last quarter. Key Financial Inc boosted its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 8.1% in the third quarter. Key Financial Inc now owns 4,013 shares of the company’s stock worth $436,000 after purchasing an additional 300 shares during the period. Cetera Investment Advisers increased its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 6.5% in the second quarter. Cetera Investment Advisers now owns 7,594 shares of the company’s stock worth $777,000 after purchasing an additional 465 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF during the 3rd quarter valued at $57,000.

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.