BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Reaches New 52-Week High – Should You Buy?

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMCGet Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $123.11 and last traded at $123.11, with a volume of 2603 shares. The stock had previously closed at $122.36.

BNY Mellon US Mid Cap Core Equity ETF Stock Down 0.3%

The business has a fifty day simple moving average of $119.30 and a two-hundred day simple moving average of $115.71. The company has a market cap of $653.63 million, a P/E ratio of 19.73 and a beta of 1.01.

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

Several institutional investors have recently made changes to their positions in BKMC. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 1.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 7,552 shares of the company’s stock worth $820,000 after buying an additional 108 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in BNY Mellon US Mid Cap Core Equity ETF by 56.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 532 shares of the company’s stock worth $58,000 after acquiring an additional 192 shares during the period. Envestnet Asset Management Inc. raised its position in BNY Mellon US Mid Cap Core Equity ETF by 5.5% in the third quarter. Envestnet Asset Management Inc. now owns 5,598 shares of the company’s stock worth $607,000 after acquiring an additional 294 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of BNY Mellon US Mid Cap Core Equity ETF during the 3rd quarter worth $57,000. Finally, Raymond James Financial Inc. purchased a new position in shares of BNY Mellon US Mid Cap Core Equity ETF during the 2nd quarter worth $60,000.

About BNY Mellon US Mid Cap Core Equity ETF

(Get Free Report)

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.

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