BNY Mellon International Equity ETF (NYSEARCA:BKIE) Sees Large Volume Increase – Still a Buy?

Shares of BNY Mellon International Equity ETF (NYSEARCA:BKIE) saw strong trading volume on Tuesday . 156,521 shares changed hands during trading, an increase of 213% from the previous session’s volume of 50,039 shares.The stock last traded at $94.2550 and had previously closed at $95.87.

BNY Mellon International Equity ETF Stock Down 1.8%

The stock’s fifty day simple moving average is $92.32 and its two-hundred day simple moving average is $89.44. The firm has a market cap of $1.16 billion, a PE ratio of 16.44 and a beta of 0.85.

BNY Mellon International Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 29th were paid a $1.0429 dividend. This represents a $4.17 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Monday, December 29th. This is an increase from BNY Mellon International Equity ETF’s previous quarterly dividend of $0.52.

Institutional Investors Weigh In On BNY Mellon International Equity ETF

Hedge funds have recently added to or reduced their stakes in the stock. Birchbrook Inc. purchased a new stake in shares of BNY Mellon International Equity ETF in the third quarter worth $25,000. Tortoise Investment Management LLC purchased a new stake in BNY Mellon International Equity ETF during the 3rd quarter valued at about $38,000. Key Financial Inc increased its stake in BNY Mellon International Equity ETF by 38.2% during the 2nd quarter. Key Financial Inc now owns 478 shares of the company’s stock valued at $41,000 after purchasing an additional 132 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in BNY Mellon International Equity ETF in the second quarter worth about $52,000. Finally, Creekmur Asset Management LLC bought a new position in shares of BNY Mellon International Equity ETF in the second quarter worth approximately $77,000.

About BNY Mellon International Equity ETF

The BNY Mellon International Equity ETF (BKIE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a market-cap-weighted index of large-caps in the Developed Markets outside of US. BKIE was launched on Apr 24, 2020 and is managed by BNY Mellon.