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

Shares of BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMCGet Free Report) saw strong trading volume on Tuesday . 22,636 shares were traded during mid-day trading, an increase of 110% from the previous session’s volume of 10,797 shares.The stock last traded at $105.03 and had previously closed at $106.03.

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

The stock’s 50-day simple moving average is $105.24 and its 200-day simple moving average is $102.20. The firm has a market capitalization of $524.87 million, a P/E ratio of 19.21 and a beta of 1.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC boosted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 21.7% in the 3rd quarter. FMR LLC now owns 661 shares of the company’s stock worth $67,000 after buying an additional 118 shares during the period. Key Financial Inc boosted its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 19.4% during the 3rd quarter. Key Financial Inc now owns 1,178 shares of the company’s stock valued at $120,000 after purchasing an additional 191 shares in the last quarter. Patriot Investment Management Group Inc. bought a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF during the 3rd quarter valued at about $204,000. Symphony Financial Ltd. Co. bought a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF during the 3rd quarter valued at about $226,000. Finally, Kestra Private Wealth Services LLC bought a new stake in BNY Mellon US Mid Cap Core Equity ETF during the fourth quarter worth about $455,000.

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.

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