BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sets New 52-Week High – Still a Buy?

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $122.01 and last traded at $121.91, with a volume of 1931 shares trading hands. The stock had previously closed at $120.58.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

The stock has a market cap of $643.58 million, a price-to-earnings ratio of 19.73 and a beta of 1.01. The business’s 50-day simple moving average is $117.15 and its two-hundred day simple moving average is $114.55.

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

Several institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers raised its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 6.9% during the first quarter. Cetera Investment Advisers now owns 9,554 shares of the company’s stock valued at $1,054,000 after purchasing an additional 613 shares during the period. Bank of New York Mellon Corp grew its position in BNY Mellon US Mid Cap Core Equity ETF by 7.0% in the 1st quarter. Bank of New York Mellon Corp now owns 550,459 shares of the company’s stock worth $60,719,000 after purchasing an additional 35,792 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 1.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69,515 shares of the company’s stock valued at $7,668,000 after acquiring an additional 1,310 shares during the period. Key Financial Inc grew its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 78.8% during the 1st quarter. Key Financial Inc now owns 7,253 shares of the company’s stock valued at $800,000 after acquiring an additional 3,196 shares during the period. Finally, Krilogy Financial LLC bought a new position in shares of BNY Mellon US Mid Cap Core Equity ETF during the 1st quarter valued at approximately $267,000.

BNY Mellon US Mid Cap Core Equity ETF Company Profile

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.