BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sets New 52-Week High – Time to Buy?

Shares of BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) hit a new 52-week high during trading on Tuesday . The stock traded as high as $41.45 and last traded at $41.45, with a volume of 4732 shares traded. The stock had previously closed at $40.67.

BNY Mellon US Mid Cap Core Equity ETF Trading Up 2.0%

The stock’s 50-day moving average price is $40.34 and its two-hundred day moving average price is $39.10. The stock has a market capitalization of $668.66 million, a P/E ratio of 19.73 and a beta of 1.01.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in BNY Mellon US Mid Cap Core Equity ETF by 18,146.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,377,956 shares of the company’s stock valued at $150,108,000 after purchasing an additional 1,370,404 shares during the period. Diversify Wealth Management LLC raised its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 29.5% in the fourth quarter. Diversify Wealth Management LLC now owns 212,257 shares of the company’s stock valued at $24,459,000 after buying an additional 48,301 shares during the period. Bank of New York Mellon Corp lifted its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 550,459 shares of the company’s stock valued at $60,719,000 after buying an additional 35,792 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of BNY Mellon US Mid Cap Core Equity ETF during the 4th quarter valued at $2,181,000. Finally, Citadel Advisors LLC bought a new position in shares of BNY Mellon US Mid Cap Core Equity ETF during the 3rd quarter worth $1,944,000.

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.