BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Sees Large Volume Increase – Still a Buy?

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) saw unusually-high trading volume on Monday . Approximately 268,053 shares were traded during trading, an increase of 96% from the previous session’s volume of 136,787 shares.The stock last traded at $113.92 and had previously closed at $113.66.

BNY Mellon US Large Cap Core Equity ETF Stock Performance

The business has a 50-day simple moving average of $105.35 and a two-hundred day simple moving average of $110.95. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03.

Institutional Investors Weigh In On BNY Mellon US Large Cap Core Equity ETF

Several large investors have recently modified their holdings of the stock. Capital Analysts LLC acquired a new position in BNY Mellon US Large Cap Core Equity ETF in the 4th quarter valued at $37,000. Global Retirement Partners LLC increased its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 89.9% during the fourth quarter. Global Retirement Partners LLC now owns 488 shares of the company’s stock worth $55,000 after acquiring an additional 231 shares during the period. NewEdge Advisors LLC purchased a new position in BNY Mellon US Large Cap Core Equity ETF during the fourth quarter worth about $65,000. REAP Financial Group LLC purchased a new stake in BNY Mellon US Large Cap Core Equity ETF in the 4th quarter valued at approximately $85,000. Finally, Transce3nd LLC acquired a new position in BNY Mellon US Large Cap Core Equity ETF during the 4th quarter worth approximately $148,000.

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.