BNY Mellon International Equity ETF (NYSEARCA:BKIE) Sees Unusually-High Trading Volume – Here’s Why

BNY Mellon International Equity ETF (NYSEARCA:BKIE) shares saw unusually-high trading volume on Monday . Approximately 658,182 shares were traded during mid-day trading, an increase of 706% from the previous session’s volume of 81,621 shares.The stock last traded at $90.33 and had previously closed at $90.52.

BNY Mellon International Equity ETF Stock Performance

The firm has a market capitalization of $1.12 billion, a PE ratio of 16.44 and a beta of 0.85. The stock’s 50 day simple moving average is $96.90 and its two-hundred day simple moving average is $93.10.

Hedge Funds Weigh In On BNY Mellon International Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKIE. RPOA Advisors Inc. grew its holdings in BNY Mellon International Equity ETF by 9.9% in the 3rd quarter. RPOA Advisors Inc. now owns 4,271,163 shares of the company’s stock valued at $382,483,000 after buying an additional 385,468 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of BNY Mellon International Equity ETF by 5.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 582,641 shares of the company’s stock valued at $52,176,000 after acquiring an additional 29,191 shares during the last quarter. MGO One Seven LLC grew its holdings in shares of BNY Mellon International Equity ETF by 6.0% in the fourth quarter. MGO One Seven LLC now owns 457,785 shares of the company’s stock valued at $42,373,000 after purchasing an additional 26,029 shares during the period. Creative Financial Designs Inc. ADV increased its position in BNY Mellon International Equity ETF by 5.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 410,898 shares of the company’s stock worth $38,033,000 after purchasing an additional 19,951 shares during the last quarter. Finally, LPL Financial LLC increased its position in BNY Mellon International Equity ETF by 9.7% during the fourth quarter. LPL Financial LLC now owns 334,531 shares of the company’s stock worth $30,964,000 after purchasing an additional 29,469 shares during the last quarter.

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.