BNY Mellon International Equity ETF (NYSEARCA:BKIE) Hits New 1-Year High – Still a Buy?

BNY Mellon International Equity ETF (NYSEARCA:BKIE)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $98.30 and last traded at $98.16, with a volume of 1823 shares traded. The stock had previously closed at $97.24.

BNY Mellon International Equity ETF Price Performance

The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 16.44 and a beta of 0.85. The stock has a 50 day moving average price of $94.30 and a two-hundred day moving average price of $90.55.

BNY Mellon International Equity ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were given a dividend of $1.0429 per share. This is a boost from BNY Mellon International Equity ETF’s previous quarterly dividend of $0.52. This represents a $4.17 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, December 29th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. RPOA Advisors Inc. grew its stake in BNY Mellon International Equity ETF by 9.9% during the 3rd quarter. RPOA Advisors Inc. now owns 4,271,163 shares of the company’s stock worth $382,483,000 after purchasing an additional 385,468 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of BNY Mellon International Equity ETF by 95.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 390,947 shares of the company’s stock valued at $35,009,000 after buying an additional 191,020 shares during the period. Wealth Forward LLC acquired a new position in shares of BNY Mellon International Equity ETF during the third quarter worth about $6,158,000. Jane Street Group LLC increased its stake in shares of BNY Mellon International Equity ETF by 203.3% during the second quarter. Jane Street Group LLC now owns 94,364 shares of the company’s stock worth $8,131,000 after buying an additional 63,247 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in BNY Mellon International Equity ETF by 497.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 43,152 shares of the company’s stock valued at $3,864,000 after acquiring an additional 35,929 shares in the last quarter.

BNY Mellon International Equity ETF Company Profile

The BNY Mellon International Equity ETF (BKIE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a market-cap-weighted index of large-caps in the Developed Markets outside of US. BKIE was launched on Apr 24, 2020 and is managed by BNY Mellon.