BNY Mellon International Equity ETF (NYSEARCA:BKIE) Shares Cross Above 200 Day Moving Average – Time to Sell?

BNY Mellon International Equity ETF (NYSEARCA:BKIE)’s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $33.07 and traded as high as $33.31. BNY Mellon International Equity ETF shares last traded at $33.09, with a volume of 135,145 shares changing hands.

BNY Mellon International Equity ETF Price Performance

The company’s 50-day moving average price is $33.86 and its 200-day moving average price is $33.09. The company has a market cap of $1.33 billion, a P/E ratio of 16.44 and a beta of 0.79.

BNY Mellon International Equity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.1911 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, October 1st. This is a drop from BNY Mellon International Equity ETF’s previous quarterly dividend of $0.8702.

Hedge Funds Weigh In On BNY Mellon International Equity ETF

Large investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its stake in shares of BNY Mellon International Equity ETF by 4.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 570,178 shares of the company’s stock valued at $57,360,000 after purchasing an additional 23,995 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of BNY Mellon International Equity ETF by 109.0% in the first quarter. NewEdge Advisors LLC now owns 30,639 shares of the company’s stock valued at $2,863,000 after purchasing an additional 15,978 shares in the last quarter. Independent Financial Group LLC acquired a new position in shares of BNY Mellon International Equity ETF during the first quarter worth about $2,733,000. Bank of America Corp DE boosted its position in shares of BNY Mellon International Equity ETF by 225.9% during the first quarter. Bank of America Corp DE now owns 65,405 shares of the company’s stock worth $6,111,000 after buying an additional 45,335 shares during the period. Finally, Wealth Forward LLC boosted its position in shares of BNY Mellon International Equity ETF by 71.4% during the third quarter. Wealth Forward LLC now owns 121,844 shares of the company’s stock worth $4,071,000 after buying an additional 50,772 shares during the period.

BNY Mellon International Equity ETF Company Profile

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.