BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Sees Large Volume Increase – Here’s Why

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) saw unusually-high trading volume on Tuesday . Approximately 125,588 shares traded hands during trading, an increase of 29% from the previous session’s volume of 97,200 shares.The stock last traded at $109.56 and had previously closed at $111.66.

BNY Mellon US Large Cap Core Equity ETF Stock Down 1.2 %

The firm’s 50 day simple moving average is $114.54 and its 200-day simple moving average is $111.87. The company has a market capitalization of $3.17 billion, a PE ratio of 27.01 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 14,261 shares of the company’s stock valued at $1,598,000 after purchasing an additional 92 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in BNY Mellon US Large Cap Core Equity ETF by 3.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,622 shares of the company’s stock valued at $518,000 after acquiring an additional 156 shares in the last quarter. Global Retirement Partners LLC raised its holdings in BNY Mellon US Large Cap Core Equity ETF by 89.9% in the fourth quarter. Global Retirement Partners LLC now owns 488 shares of the company’s stock valued at $55,000 after acquiring an additional 231 shares in the last quarter. David Kennon Inc raised its holdings in BNY Mellon US Large Cap Core Equity ETF by 1.8% in the fourth quarter. David Kennon Inc now owns 17,497 shares of the company’s stock valued at $1,961,000 after acquiring an additional 304 shares in the last quarter. Finally, Clear Point Advisors Inc. raised its holdings in BNY Mellon US Large Cap Core Equity ETF by 14.4% in the fourth quarter. Clear Point Advisors Inc. now owns 2,432 shares of the company’s stock valued at $273,000 after acquiring an additional 307 shares in the last quarter.

BNY Mellon US Large Cap Core Equity ETF Company Profile

The BNY Mellon US Large Cap Core Equity ETF (BKLC) is an exchange-traded fund that is based on the Morningstar U.S. Large Cap index, a market-cap-weighted index of large-cap stocks that represent the top 70% of the US equity market, in terms of capitalization. BKLC was launched on Apr 9, 2020 and is managed by BNY Mellon.