BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sees Strong Trading Volume – Still a Buy?

Shares of BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMCGet Free Report) saw strong trading volume on Friday . 7,390 shares were traded during mid-day trading, an increase of 63% from the previous session’s volume of 4,540 shares.The stock last traded at $102.71 and had previously closed at $101.46.

BNY Mellon US Mid Cap Core Equity ETF Trading Up 1.4 %

The firm has a market capitalization of $504.99 million, a price-to-earnings ratio of 19.21 and a beta of 1.05. The company’s 50 day moving average is $105.68 and its 200-day moving average is $100.61.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKMC. Diversify Wealth Management LLC acquired a new stake in BNY Mellon US Mid Cap Core Equity ETF in the 2nd quarter worth about $13,617,000. RPOA Advisors Inc. boosted its stake in BNY Mellon US Mid Cap Core Equity ETF by 2.3% in the third quarter. RPOA Advisors Inc. now owns 3,933,690 shares of the company’s stock valued at $401,123,000 after buying an additional 87,437 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF in the 2nd quarter valued at approximately $427,000. Symphony Financial Ltd. Co. bought a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF during the third quarter worth $226,000. Finally, Patriot Investment Management Group Inc. bought a new stake in BNY Mellon US Mid Cap Core Equity ETF during the 3rd quarter worth $204,000.

About BNY Mellon US Mid Cap Core Equity ETF

(Get Free Report)

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.

Further Reading

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