BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sets New 1-Year High – Here’s Why

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC)’s share price hit a new 52-week high on Monday . The stock traded as high as $118.35 and last traded at $118.3490, with a volume of 3697 shares changing hands. The stock had previously closed at $117.82.

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

The company has a market cap of $655.84 million, a P/E ratio of 19.73 and a beta of 1.06. The company has a 50 day moving average price of $112.90 and a 200-day moving average price of $109.25.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in shares of BNY Mellon US Mid Cap Core Equity ETF in the third quarter worth about $57,000. Raymond James Financial Inc. purchased a new position in BNY Mellon US Mid Cap Core Equity ETF during the 2nd quarter worth approximately $60,000. Fifth Third Wealth Advisors LLC acquired a new stake in BNY Mellon US Mid Cap Core Equity ETF during the 3rd quarter valued at $226,000. Key Financial Inc boosted its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 56.4% in the second quarter. Key Financial Inc now owns 3,713 shares of the company’s stock worth $380,000 after buying an additional 1,339 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 105.1% during the first quarter. Goldman Sachs Group Inc. now owns 4,585 shares of the company’s stock valued at $438,000 after buying an additional 2,349 shares in the last quarter.

BNY Mellon US Mid Cap Core Equity ETF Company Profile

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.