Park Avenue Securities LLC Buys New Shares in BNY Mellon Emerging Markets Equity ETF $BKEM

Park Avenue Securities LLC purchased a new position in BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 33,314 shares of the company’s stock, valued at approximately $1,011,000. Park Avenue Securities LLC owned approximately 0.93% of BNY Mellon Emerging Markets Equity ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BKEM. Bank of New York Mellon Corp increased its holdings in shares of BNY Mellon Emerging Markets Equity ETF by 27.3% during the first quarter. Bank of New York Mellon Corp now owns 521,416 shares of the company’s stock valued at $41,313,000 after acquiring an additional 111,942 shares in the last quarter. Zhang Financial LLC purchased a new position in shares of BNY Mellon Emerging Markets Equity ETF in the 1st quarter worth about $208,000. Sanctuary Advisors LLC raised its position in shares of BNY Mellon Emerging Markets Equity ETF by 36.5% in the 1st quarter. Sanctuary Advisors LLC now owns 8,000 shares of the company’s stock worth $634,000 after purchasing an additional 2,141 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in BNY Mellon Emerging Markets Equity ETF by 0.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 53,430 shares of the company’s stock worth $5,093,000 after purchasing an additional 376 shares in the last quarter. Finally, Odyssey Capital Advisors Inc. boosted its stake in BNY Mellon Emerging Markets Equity ETF by 206.5% in the 3rd quarter. Odyssey Capital Advisors Inc. now owns 7,141 shares of the company’s stock worth $217,000 after purchasing an additional 4,811 shares in the last quarter.

BNY Mellon Emerging Markets Equity ETF Stock Down 0.1%

NYSEARCA:BKEM opened at $27.89 on Wednesday. The stock has a market cap of $100.40 million, a price-to-earnings ratio of 14.60 and a beta of 0.76. The company’s 50 day moving average price is $30.04 and its 200-day moving average price is $29.41. BNY Mellon Emerging Markets Equity ETF has a 52 week low of $23.79 and a 52 week high of $33.51.

About BNY Mellon Emerging Markets Equity ETF

The BNY Mellon Emerging Markets Equity ETF (BKEM) is an exchange-traded fund that mostly invests in large cap equity. The fund is a passively managed fund with emerging market exposure to broad large-cap stocks, selected and weighted by market cap. BKEM was launched on Apr 24, 2020 and is managed by BNY Mellon.