BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Reaches New 12-Month High – Still a Buy?

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $123.11 and last traded at $123.11, with a volume of 2603 shares. The stock had previously closed at $122.36.

BNY Mellon US Mid Cap Core Equity ETF Stock Up 0.6%

The stock has a market capitalization of $651.25 million, a PE ratio of 19.73 and a beta of 1.01. The stock’s 50-day moving average is $119.04 and its 200 day moving average is $115.52.

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Diversify Wealth Management LLC grew its stake in BNY Mellon US Mid Cap Core Equity ETF by 29.5% in the fourth quarter. Diversify Wealth Management LLC now owns 212,257 shares of the company’s stock valued at $24,459,000 after purchasing an additional 48,301 shares in the last quarter. Flow Traders U.S. LLC raised its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 867.1% during the 3rd quarter. Flow Traders U.S. LLC now owns 29,969 shares of the company’s stock worth $3,252,000 after purchasing an additional 26,870 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 18,146.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,377,956 shares of the company’s stock worth $150,108,000 after purchasing an additional 1,370,404 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF during the 3rd quarter valued at about $57,000. Finally, Cetera Investment Advisers grew its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 6.9% in the 1st quarter. Cetera Investment Advisers now owns 9,554 shares of the company’s stock valued at $1,054,000 after buying an additional 613 shares in 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.