BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Hits New 52-Week High – Still a Buy?

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) reached a new 52-week high during trading on Tuesday . The company traded as high as $41.71 and last traded at $41.71, with a volume of 366 shares. The stock had previously closed at $41.50.

BNY Mellon US Mid Cap Core Equity ETF Stock Performance

The business’s fifty day simple moving average is $40.52 and its 200-day simple moving average is $39.23. The firm has a market capitalization of $672.85 million, a PE ratio of 19.73 and a beta of 1.01.

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

Several hedge funds have recently bought and sold shares of BKMC. Northwestern Mutual Wealth Management Co. increased its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 18,146.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,377,956 shares of the company’s stock worth $150,108,000 after purchasing an additional 1,370,404 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in 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 in the last quarter. Diversify Wealth Management LLC grew its holdings in BNY Mellon US Mid Cap Core Equity ETF by 29.5% during the 4th 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 in the last quarter. Geneos Wealth Management Inc. increased its stake in BNY Mellon US Mid Cap Core Equity ETF by 1.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69,515 shares of the company’s stock worth $7,668,000 after acquiring an additional 1,310 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in BNY Mellon US Mid Cap Core Equity ETF by 17.6% in the 3rd quarter. Bank of America Corp DE now owns 34,486 shares of the company’s stock worth $3,742,000 after acquiring an additional 5,170 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.