BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Shares Break Above Two Hundred Day Moving Average – Here’s What Happened

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $39.36 and traded as high as $39.73. BNY Mellon US Mid Cap Core Equity ETF shares last traded at $39.73, with a volume of 19,693 shares traded.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

The company has a market capitalization of $647.46 million, a price-to-earnings ratio of 19.73 and a beta of 1.02. The business has a fifty day moving average price of $39.56 and a 200 day moving average price of $39.37.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.1386 dividend. The ex-dividend date was Thursday, October 1st. This is a drop from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.3775. This represents a $0.55 annualized dividend and a dividend yield of 1.4%.

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 BKMC. RPOA Advisors Inc. boosted its stake in BNY Mellon US Mid Cap Core Equity ETF by 205.3% during the third quarter. RPOA Advisors Inc. now owns 10,564,518 shares of the company’s stock worth $407,685,000 after buying an additional 7,104,670 shares in the last quarter. Bank of New York Mellon Corp boosted its position 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 valued at $60,719,000 after acquiring an additional 35,792 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 200.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 6,252 shares of the company’s stock valued at $241,000 after acquiring an additional 4,168 shares in the last quarter. Sunrise Financial Services LLC increased its stake in BNY Mellon US Mid Cap Core Equity ETF by 182.5% in the third quarter. Sunrise Financial Services LLC now owns 13,972 shares of the company’s stock valued at $539,000 after acquiring an additional 9,026 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in BNY Mellon US Mid Cap Core Equity ETF by 1.9% in the first quarter. Geneos Wealth Management Inc. now owns 69,515 shares of the company’s stock valued at $7,668,000 after acquiring an additional 1,310 shares during the period.

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.