BNY Mellon International Equity ETF (NYSEARCA:BKIE) Sets New 12-Month High – Time to Buy?

BNY Mellon International Equity ETF (NYSEARCA:BKIE) hit a new 52-week high on Wednesday . The company traded as high as $91.97 and last traded at $91.8050, with a volume of 10693 shares. The stock had previously closed at $91.17.

BNY Mellon International Equity ETF Stock Down 0.3%

The stock’s 50-day moving average price is $89.73 and its 200-day moving average price is $86.45. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 16.44 and a beta of 0.85.

BNY Mellon International Equity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.5238 per share. The ex-dividend date was Wednesday, October 1st. This represents a $2.10 dividend on an annualized basis and a yield of 2.3%.

Institutional Investors Weigh In On BNY Mellon International Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. boosted its stake in BNY Mellon International Equity ETF by 58.8% in the third quarter. Raymond James Financial Inc. now owns 17,893 shares of the company’s stock valued at $1,602,000 after acquiring an additional 6,623 shares during the last quarter. Crux Wealth Advisors lifted its stake in shares of BNY Mellon International Equity ETF by 27.3% in the 3rd quarter. Crux Wealth Advisors now owns 19,287 shares of the company’s stock valued at $1,727,000 after purchasing an additional 4,137 shares during the period. Tortoise Investment Management LLC bought a new position in shares of BNY Mellon International Equity ETF in the 3rd quarter worth $38,000. Private Advisor Group LLC boosted its position in shares of BNY Mellon International Equity ETF by 15.9% in the 3rd quarter. Private Advisor Group LLC now owns 4,645 shares of the company’s stock worth $416,000 after purchasing an additional 637 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of BNY Mellon International Equity ETF by 95.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 390,947 shares of the company’s stock worth $35,009,000 after purchasing an additional 191,020 shares during the period.

About BNY Mellon International Equity ETF

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.