BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Shares Down 0.1% – Here’s Why

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was down 0.1% on Tuesday . The stock traded as low as $88.31 and last traded at $89.73. Approximately 14,033 shares changed hands during trading, a decline of 19% from the average daily volume of 17,338 shares. The stock had previously closed at $89.86.

BNY Mellon US Mid Cap Core Equity ETF Stock Performance

The stock has a market cap of $467.49 million, a P/E ratio of 19.44 and a beta of 1.05. The firm has a 50 day moving average of $97.08 and a two-hundred day moving average of $102.05.

Hedge Funds Weigh In On BNY Mellon US Mid Cap Core Equity ETF

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 20.5% during the 4th quarter. Bank of New York Mellon Corp now owns 554,496 shares of the company’s stock worth $56,335,000 after purchasing an additional 94,427 shares in the last quarter. Kestra Private Wealth Services LLC bought a new position in BNY Mellon US Mid Cap Core Equity ETF in the fourth quarter worth $455,000. FMR LLC boosted its stake in BNY Mellon US Mid Cap Core Equity ETF by 21.7% during the third quarter. FMR LLC now owns 661 shares of the company’s stock worth $67,000 after buying an additional 118 shares in the last quarter. RPOA Advisors Inc. increased its holdings in BNY Mellon US Mid Cap Core Equity ETF by 0.3% in the 4th quarter. RPOA Advisors Inc. now owns 3,945,271 shares of the company’s stock valued at $400,829,000 after buying an additional 11,581 shares during the period. Finally, Key Financial Inc increased its holdings in BNY Mellon US Mid Cap Core Equity ETF by 40.7% in the 4th quarter. Key Financial Inc now owns 1,658 shares of the company’s stock valued at $168,000 after buying an additional 480 shares during the period.

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.