BNY Mellon International Equity ETF (NYSEARCA:BKIE) Hits New 12-Month High – Still a Buy?

BNY Mellon International Equity ETF (NYSEARCA:BKIE) shares hit a new 52-week high on Wednesday . The company traded as high as $98.30 and last traded at $98.16, with a volume of 1823 shares changing hands. The stock had previously closed at $97.24.

BNY Mellon International Equity ETF Stock Performance

The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 16.44 and a beta of 0.85. The firm has a fifty day moving average price of $93.89 and a 200 day moving average price of $90.36.

BNY Mellon International Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were issued a $1.0429 dividend. The ex-dividend date was Monday, December 29th. This represents a $4.17 dividend on an annualized basis and a dividend yield of 4.3%. This is a boost from BNY Mellon International Equity ETF’s previous quarterly dividend of $0.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. RPOA Advisors Inc. increased its holdings in BNY Mellon International Equity ETF by 9.9% in the third 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 increased its stake in BNY Mellon International Equity ETF by 5.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 582,641 shares of the company’s stock valued at $52,176,000 after purchasing an additional 29,191 shares in the last quarter. MGO One Seven LLC increased its stake in BNY Mellon International Equity ETF by 6.0% in the 4th 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 in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in BNY Mellon International Equity ETF by 95.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 390,947 shares of the company’s stock worth $35,009,000 after purchasing an additional 191,020 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in BNY Mellon International Equity ETF by 203.3% during the second quarter. Jane Street Group LLC now owns 94,364 shares of the company’s stock worth $8,131,000 after purchasing an additional 63,247 shares in the last quarter.

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.