BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sets New 52-Week High – Time to Buy?

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.45 and last traded at $41.45, with a volume of 4732 shares. The stock had previously closed at $40.67.

BNY Mellon US Mid Cap Core Equity ETF Stock Performance

The company’s 50 day moving average price is $40.34 and its 200-day moving average price is $39.10. The stock has a market cap of $668.66 million, a P/E ratio of 19.73 and a beta of 1.01.

Institutional Investors Weigh In On BNY Mellon US Mid Cap Core Equity ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in BNY Mellon US Mid Cap Core Equity ETF by 18,146.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,377,956 shares of the company’s stock worth $150,108,000 after purchasing an additional 1,370,404 shares during the last quarter. Diversify Wealth Management LLC increased its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 29.5% during the 4th quarter. Diversify Wealth Management LLC now owns 212,257 shares of the company’s stock valued at $24,459,000 after purchasing an additional 48,301 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 550,459 shares of the company’s stock worth $60,719,000 after purchasing an additional 35,792 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF during the 4th quarter worth $2,181,000. Finally, Citadel Advisors LLC purchased a new position in shares of BNY Mellon US Mid Cap Core Equity ETF in the 3rd quarter worth about $1,944,000.

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.