BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Stock Price Breaks Above Two Hundred Day Moving Average – What’s Next?

Shares of BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $39.36 and traded as high as $39.73. BNY Mellon US Mid Cap Core Equity ETF shares last traded at $39.73, with a volume of 19,693 shares.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

The company has a market capitalization of $655.54 million, a PE ratio of 19.73 and a beta of 1.02. The stock has a 50-day simple moving average of $39.60 and a 200 day simple moving average of $39.36.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.1386 per share. This is a drop from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.3775. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.55 annualized dividend and a dividend yield of 1.4%.

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in BKMC. RPOA Advisors Inc. increased its position in BNY Mellon US Mid Cap Core Equity ETF by 205.3% during the 3rd quarter. RPOA Advisors Inc. now owns 10,564,518 shares of the company’s stock worth $407,685,000 after purchasing an additional 7,104,670 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 7.0% in 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 purchasing an additional 35,792 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 200.0% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 6,252 shares of the company’s stock valued at $241,000 after purchasing an additional 4,168 shares in the last quarter. Sunrise Financial Services LLC boosted its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 182.5% during the 3rd quarter. Sunrise Financial Services LLC now owns 13,972 shares of the company’s stock worth $539,000 after purchasing an additional 9,026 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 1.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69,515 shares of the company’s stock worth $7,668,000 after purchasing an additional 1,310 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.