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

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC)’s stock price reached a new 52-week high on Thursday . The company traded as high as $23,000.00 and last traded at $108.1410, with a volume of 102 shares trading hands. The stock had previously closed at $108.58.

BNY Mellon US Mid Cap Core Equity ETF Stock Performance

The stock has a market cap of $603.07 million, a P/E ratio of 19.73 and a beta of 1.06. The company has a 50-day simple moving average of $108.49 and a 200-day simple moving average of $104.24.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.3492 per share. This is a boost from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, October 1st.

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. SVB Wealth LLC purchased a new stake in BNY Mellon US Mid Cap Core Equity ETF in the 1st quarter valued at about $30,000. JPMorgan Chase & Co. acquired a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF during the third quarter worth $57,000. Raymond James Financial Inc. bought a new position in shares of BNY Mellon US Mid Cap Core Equity ETF in the second quarter valued at approximately $60,000. Fifth Third Wealth Advisors LLC acquired a new position in BNY Mellon US Mid Cap Core Equity ETF in the 3rd quarter valued at approximately $226,000. Finally, Accredited Investors Inc. bought a new stake in BNY Mellon US Mid Cap Core Equity ETF during the 1st quarter valued at approximately $223,000.

About BNY Mellon US Mid Cap Core Equity ETF

The BNY Mellon US Mid Cap Core Equity ETF (BKMC) is an exchange-traded fund that is based on the Morningstar US Mid Cap index. The fund tracks a market-cap weighted index of US mid-cap stocks that covers the bottom 10-30% market capitalization. BKMC was launched on Apr 9, 2020 and is managed by BNY Mellon.