BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Hits New 12-Month High – Should You Buy?

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $132.57 and last traded at $132.59, with a volume of 18175 shares trading hands. The stock had previously closed at $132.32.

BNY Mellon US Large Cap Core Equity ETF Trading Up 0.4%

The firm’s 50-day simple moving average is $129.88 and its two-hundred day simple moving average is $124.97. The stock has a market capitalization of $4.82 billion, a PE ratio of 25.44 and a beta of 1.02.

BNY Mellon US Large Cap Core Equity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were given a dividend of $0.3264 per share. This represents a $1.31 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, October 1st.

Institutional Trading of BNY Mellon US Large Cap Core Equity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. RPOA Advisors Inc. boosted its position in shares of BNY Mellon US Large Cap Core Equity ETF by 5.6% in the third quarter. RPOA Advisors Inc. now owns 13,435,929 shares of the company’s stock valued at $1,724,905,000 after acquiring an additional 709,557 shares during the period. Ameriprise Financial Inc. grew its holdings in BNY Mellon US Large Cap Core Equity ETF by 1,704.4% during the 1st quarter. Ameriprise Financial Inc. now owns 345,916 shares of the company’s stock worth $36,778,000 after acquiring an additional 326,745 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV increased its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 2,868.7% in the 2nd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 230,107 shares of the company’s stock valued at $27,252,000 after buying an additional 222,356 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 7.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,172,107 shares of the company’s stock worth $230,938,000 after buying an additional 157,930 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in BNY Mellon US Large Cap Core Equity ETF by 22.0% in the third quarter. Tidal Investments LLC now owns 675,429 shares of the company’s stock valued at $86,490,000 after purchasing an additional 121,683 shares during the last quarter.

BNY Mellon US Large Cap Core Equity ETF Company Profile

The BNY Mellon US Large Cap Core Equity ETF (BKLC) is an exchange-traded fund that is based on the Morningstar U.S. Large Cap index, a market-cap-weighted index of large-cap stocks that represent the top 70% of the US equity market, in terms of capitalization. BKLC was launched on Apr 9, 2020 and is managed by BNY Mellon.