BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) shares passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $49.09 and traded as high as $49.26. BNY Mellon US Large Cap Core Equity ETF shares last traded at $49.19, with a volume of 174,149 shares.

BNY Mellon US Large Cap Core Equity ETF Stock Performance

The firm has a market capitalization of $6.92 billion, a PE ratio of 25.44 and a beta of 1.02. The business’s 50 day moving average is $49.09 and its two-hundred day moving average is $46.52.

BNY Mellon US Large Cap Core Equity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.1260 per share. This is a decrease from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.3828. This represents a $0.50 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, October 1st.

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

Several hedge funds have recently made changes to their positions in the stock. MGO One Seven LLC boosted its holdings in BNY Mellon US Large Cap Core Equity ETF by 200.9% during the 3rd quarter. MGO One Seven LLC now owns 441,659 shares of the company’s stock valued at $21,579,000 after acquiring an additional 294,892 shares during the period. Outlook Wealth Advisors LLC grew its position in BNY Mellon US Large Cap Core Equity ETF by 200.0% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 8,877 shares of the company’s stock worth $434,000 after acquiring an additional 5,918 shares during the last quarter. Choreo LLC increased its stake in BNY Mellon US Large Cap Core Equity ETF by 185.6% in the 3rd quarter. Choreo LLC now owns 11,208 shares of the company’s stock worth $548,000 after purchasing an additional 7,283 shares during the period. Vaquero Private Wealth Ltd. increased its stake in BNY Mellon US Large Cap Core Equity ETF by 182.6% in the 3rd quarter. Vaquero Private Wealth Ltd. now owns 357,005 shares of the company’s stock worth $17,443,000 after purchasing an additional 230,666 shares during the period. Finally, Balance Wealth Partners LLC purchased a new position in BNY Mellon US Large Cap Core Equity ETF in the 3rd quarter worth approximately $156,000.

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.