BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Hits New 1-Year High – Time to Buy?

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $133.46 and last traded at $133.3370, with a volume of 50508 shares changing hands. The stock had previously closed at $132.74.

BNY Mellon US Large Cap Core Equity ETF Price Performance

The firm’s 50-day moving average price is $131.47 and its 200 day moving average price is $127.71. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 25.44 and a beta of 1.02.

BNY Mellon US Large Cap Core Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 29th were given a dividend of $0.3923 per share. The ex-dividend date of this dividend was Monday, December 29th. This is a positive change from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.33. This represents a $1.57 annualized dividend and a yield of 1.2%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Creekmur Asset Management LLC acquired a new stake in BNY Mellon US Large Cap Core Equity ETF during the second quarter worth approximately $33,000. FSA Wealth Management LLC purchased a new stake in shares of BNY Mellon US Large Cap Core Equity ETF in the second quarter valued at $37,000. Center for Financial Planning Inc. acquired a new position in BNY Mellon US Large Cap Core Equity ETF in the third quarter valued at $37,000. EverSource Wealth Advisors LLC lifted its position in BNY Mellon US Large Cap Core Equity ETF by 47.2% during the third quarter. EverSource Wealth Advisors LLC now owns 287 shares of the company’s stock worth $37,000 after buying an additional 92 shares during the period. Finally, Assetmark Inc. boosted its stake in BNY Mellon US Large Cap Core Equity ETF by 174.0% in the 4th quarter. Assetmark Inc. now owns 348 shares of the company’s stock worth $46,000 after buying an additional 221 shares during the last quarter.

BNY Mellon US Large Cap Core Equity ETF Company Profile

The BNY Mellon US Large Cap Core Equity ETF (BKLC) is an exchange-traded fund that is based on the Morningstar U.S. Large Cap index, a market-cap-weighted index of large-cap stocks that represent the top 70% of the US equity market, in terms of capitalization. BKLC was launched on Apr 9, 2020 and is managed by BNY Mellon.