BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Hits New 1-Year High – What’s Next?

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $112.75 and last traded at $112.4970, with a volume of 2265 shares trading hands. The stock had previously closed at $112.03.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

The company has a fifty day moving average price of $108.82 and a two-hundred day moving average price of $107.17. The company has a market capitalization of $632.26 million, a P/E ratio of 19.73 and a beta of 1.06.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were given a $0.4651 dividend. This is an increase from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, December 29th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 1.6%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BKMC. Goldman Sachs Group Inc. lifted its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 105.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,585 shares of the company’s stock valued at $438,000 after acquiring an additional 2,349 shares during the period. Geneos Wealth Management Inc. lifted its stake in BNY Mellon US Mid Cap Core Equity ETF by 1.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 30,282 shares of the company’s stock valued at $2,896,000 after acquiring an additional 438 shares in the last quarter. Crux Wealth Advisors grew its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 15.9% in the 2nd quarter. Crux Wealth Advisors now owns 5,086 shares of the company’s stock worth $521,000 after acquiring an additional 696 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in BNY Mellon US Mid Cap Core Equity ETF by 7.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,304 shares of the company’s stock valued at $543,000 after buying an additional 345 shares during the last quarter. Finally, Key Financial Inc increased its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 56.4% during the second quarter. Key Financial Inc now owns 3,713 shares of the company’s stock valued at $380,000 after acquiring an additional 1,339 shares during the last quarter.

About BNY Mellon US Mid Cap Core Equity ETF

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.