BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sees Large Volume Increase – Here’s What Happened

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) shares saw strong trading volume on Friday . 15,061 shares were traded during mid-day trading, an increase of 16% from the previous session’s volume of 12,992 shares.The stock last traded at $114.17 and had previously closed at $113.03.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

The business’s 50-day moving average price is $109.14 and its two-hundred day moving average price is $107.36. The firm has a market cap of $649.24 million, a price-to-earnings ratio of 19.73 and a beta of 1.06.

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. Stockholders of record on Monday, December 29th were issued a dividend of $0.4651 per share. This represents a $1.86 annualized dividend and a dividend yield of 1.6%. This is a positive change from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, December 29th.

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new position in BNY Mellon US Mid Cap Core Equity ETF in the 3rd quarter valued at about $57,000. Raymond James Financial Inc. purchased a new position in BNY Mellon US Mid Cap Core Equity ETF in the second quarter valued at about $60,000. Fifth Third Wealth Advisors LLC acquired a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF in the 3rd quarter valued at $226,000. Key Financial Inc grew its holdings in BNY Mellon US Mid Cap Core Equity ETF by 56.4% during the second quarter. Key Financial Inc now owns 3,713 shares of the company’s stock valued at $380,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 105.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,585 shares of the company’s stock worth $438,000 after purchasing an additional 2,349 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.