BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Sets New 1-Year High – Here’s Why

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $133.78 and last traded at $132.9710, with a volume of 377 shares traded. The stock had previously closed at $133.05.

BNY Mellon US Large Cap Core Equity ETF Price Performance

The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 25.44 and a beta of 1.02. The stock’s 50 day simple moving average is $131.69 and its two-hundred day simple moving average is $128.01.

BNY Mellon US Large Cap Core Equity ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 29th were given a $0.3923 dividend. This represents a $1.57 dividend on an annualized basis and a yield of 1.2%. This is a boost from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, December 29th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BKLC. Woodard & Co. Asset Management Group Inc. ADV lifted its holdings in BNY Mellon US Large Cap Core Equity ETF by 15.6% in the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 263,406 shares of the company’s stock valued at $34,454,000 after buying an additional 35,599 shares during the period. GenTrust LLC raised its position in shares of BNY Mellon US Large Cap Core Equity ETF by 10.7% during the 4th quarter. GenTrust LLC now owns 49,975 shares of the company’s stock valued at $6,556,000 after acquiring an additional 4,820 shares during the last quarter. Sigma Planning Corp raised its position in shares of BNY Mellon US Large Cap Core Equity ETF by 8.6% during the 4th quarter. Sigma Planning Corp now owns 16,039 shares of the company’s stock valued at $2,098,000 after acquiring an additional 1,273 shares during the last quarter. Quadcap Wealth Management LLC lifted its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 2.7% in the 4th quarter. Quadcap Wealth Management LLC now owns 3,661 shares of the company’s stock valued at $479,000 after purchasing an additional 96 shares during the period. Finally, Kickstand Ventures LLC. boosted its position in shares of BNY Mellon US Large Cap Core Equity ETF by 12.5% in the 4th quarter. Kickstand Ventures LLC. now owns 3,527 shares of the company’s stock worth $461,000 after purchasing an additional 391 shares during the last quarter.

About BNY Mellon US Large Cap Core Equity ETF

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.