BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sees Unusually-High Trading Volume – Here’s Why

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) saw an uptick in trading volume on Thursday . 9,370 shares were traded during mid-day trading, a decline of 10% from the previous session’s volume of 10,447 shares.The stock last traded at $97.84 and had previously closed at $97.82.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

The firm has a market cap of $510.93 million, a price-to-earnings ratio of 19.55 and a beta of 1.05. The firm has a fifty day simple moving average of $103.84 and a two-hundred day simple moving average of $103.26.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 20.5% in the 4th quarter. Bank of New York Mellon Corp now owns 554,496 shares of the company’s stock valued at $56,335,000 after acquiring an additional 94,427 shares during the period. Kestra Private Wealth Services LLC acquired a new position in shares of BNY Mellon US Mid Cap Core Equity ETF in the fourth quarter valued at about $455,000. FMR LLC raised its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 21.7% in the third quarter. FMR LLC now owns 661 shares of the company’s stock worth $67,000 after purchasing an additional 118 shares during the last quarter. RPOA Advisors Inc. raised its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 0.3% in the fourth quarter. RPOA Advisors Inc. now owns 3,945,271 shares of the company’s stock worth $400,829,000 after purchasing an additional 11,581 shares during the last quarter. Finally, Key Financial Inc lifted its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 40.7% during the fourth quarter. Key Financial Inc now owns 1,658 shares of the company’s stock worth $168,000 after purchasing an additional 480 shares during the period.

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.