BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sees Unusually-High Trading Volume – Here’s What Happened

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) shares saw unusually-strong trading volume on Tuesday . Approximately 25,200 shares traded hands during mid-day trading, an increase of 128% from the previous session’s volume of 11,043 shares.The stock last traded at $105.57 and had previously closed at $105.36.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

The company has a market capitalization of $512.95 million, a price-to-earnings ratio of 19.21 and a beta of 1.05. The stock has a 50-day moving average price of $104.48 and a 200-day moving average price of $102.77.

Hedge Funds Weigh In On BNY Mellon US Mid Cap Core Equity ETF

A number of large investors have recently made changes to their positions in the company. Cetera Investment Advisers increased its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 32.6% during the fourth quarter. Cetera Investment Advisers now owns 5,476 shares of the company’s stock worth $556,000 after purchasing an additional 1,345 shares during the period. Citadel Advisors LLC increased its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 57.6% during the fourth quarter. Citadel Advisors LLC now owns 16,292 shares of the company’s stock worth $1,655,000 after purchasing an additional 5,954 shares during the period. Transce3nd LLC bought a new position in shares of BNY Mellon US Mid Cap Core Equity ETF during the fourth quarter worth approximately $38,000. Barclays PLC bought a new position in shares of BNY Mellon US Mid Cap Core Equity ETF during the fourth quarter worth approximately $68,000. Finally, LPL Financial LLC increased its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 56.3% during the fourth quarter. LPL Financial LLC now owns 4,101 shares of the company’s stock worth $417,000 after purchasing an additional 1,477 shares during the period.

BNY Mellon US Mid Cap Core Equity ETF Company Profile

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.