BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Reaches New 1-Year High – Here’s What Happened

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) hit a new 52-week high on Friday . The company traded as high as $122.01 and last traded at $121.91, with a volume of 1931 shares changing hands. The stock had previously closed at $120.58.

BNY Mellon US Mid Cap Core Equity ETF Stock Performance

The firm has a market capitalization of $643.69 million, a P/E ratio of 19.73 and a beta of 1.01. The stock has a fifty day moving average price of $117.37 and a two-hundred day moving average price of $114.60.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in BNY Mellon US Mid Cap Core Equity ETF during the 3rd quarter worth $57,000. Rockefeller Capital Management L.P. grew its stake in BNY Mellon US Mid Cap Core Equity ETF by 56.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 532 shares of the company’s stock worth $58,000 after buying an additional 192 shares during the last quarter. Raymond James Financial Inc. bought a new position in BNY Mellon US Mid Cap Core Equity ETF during the 2nd quarter worth $60,000. Royal Bank of Canada grew its stake in BNY Mellon US Mid Cap Core Equity ETF by 129.8% during the 4th quarter. Royal Bank of Canada now owns 2,116 shares of the company’s stock worth $231,000 after buying an additional 1,195 shares during the last quarter. Finally, Krilogy Financial LLC bought a new position in BNY Mellon US Mid Cap Core Equity ETF during the 1st quarter worth $267,000.

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.