BNY Mellon International Equity ETF (NYSEARCA:BKIE) Sees Strong Trading Volume – Still a Buy?

BNY Mellon International Equity ETF (NYSEARCA:BKIE) shares saw unusually-strong trading volume on Friday . Approximately 289,698 shares changed hands during mid-day trading, an increase of 684% from the previous session’s volume of 36,970 shares.The stock last traded at $71.60 and had previously closed at $75.91.

BNY Mellon International Equity ETF Stock Down 7.0 %

The stock has a market cap of $692.17 million, a price-to-earnings ratio of 16.77 and a beta of 0.84. The company’s fifty day moving average is $77.57 and its two-hundred day moving average is $76.08.

Institutional Investors Weigh In On BNY Mellon International Equity ETF

Several institutional investors have recently modified their holdings of BKIE. Principal Securities Inc. increased its holdings in BNY Mellon International Equity ETF by 5.6% in the fourth quarter. Principal Securities Inc. now owns 5,384 shares of the company’s stock valued at $390,000 after buying an additional 286 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of BNY Mellon International Equity ETF by 13.5% in the 4th quarter. Bank of New York Mellon Corp now owns 308,966 shares of the company’s stock valued at $22,378,000 after acquiring an additional 36,743 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of BNY Mellon International Equity ETF during the 3rd quarter worth about $205,000. MML Investors Services LLC purchased a new stake in BNY Mellon International Equity ETF during the third quarter worth approximately $242,000. Finally, FMR LLC boosted its holdings in BNY Mellon International Equity ETF by 26.5% in the third quarter. FMR LLC now owns 739 shares of the company’s stock valued at $59,000 after purchasing an additional 155 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.