BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Hits New 12-Month High – Still a Buy?

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC)’s stock price hit a new 52-week high on Monday . The stock traded as high as $118.35 and last traded at $118.3490, with a volume of 3697 shares traded. The stock had previously closed at $117.82.

BNY Mellon US Mid Cap Core Equity ETF Stock Performance

The firm’s 50-day moving average price is $112.90 and its 200 day moving average price is $109.25. The company has a market cap of $655.84 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 business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were given a dividend of $0.4651 per share. This represents a $1.86 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, December 29th. This is an increase from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.35.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 105.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,585 shares of the company’s stock valued at $438,000 after purchasing an additional 2,349 shares during the period. Crux Wealth Advisors lifted its position in BNY Mellon US Mid Cap Core Equity ETF by 15.9% during the 2nd quarter. Crux Wealth Advisors now owns 5,086 shares of the company’s stock worth $521,000 after buying an additional 696 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 7.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,304 shares of the company’s stock valued at $543,000 after acquiring an additional 345 shares in the last quarter. Key Financial Inc grew its stake in BNY Mellon US Mid Cap Core Equity ETF by 56.4% in 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 in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 6.5% in the 2nd quarter. Cetera Investment Advisers now owns 7,594 shares of the company’s stock valued at $777,000 after buying an additional 465 shares during the last quarter.

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.