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)’s share price hit a new 52-week high on Tuesday . The company traded as high as $41.45 and last traded at $41.45, with a volume of 4732 shares changing hands. The stock had previously closed at $40.67.

BNY Mellon US Mid Cap Core Equity ETF Stock Down 0.4%

The company has a market cap of $664.14 million, a PE ratio of 19.73 and a beta of 1.01. The company’s fifty day moving average is $40.39 and its 200-day moving average is $39.14.

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

A number of institutional investors and hedge funds have recently modified their holdings of BKMC. Goldman Sachs Group Inc. lifted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 105.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,585 shares of the company’s stock valued at $438,000 after acquiring an additional 2,349 shares during the period. Raymond James Financial Inc. bought a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF during the 2nd quarter valued at about $60,000. Bank of America Corp DE grew its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 25.0% during the 2nd quarter. Bank of America Corp DE now owns 29,316 shares of the company’s stock valued at $3,001,000 after purchasing an additional 5,864 shares during the period. Envestnet Asset Management Inc. increased its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 5.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,598 shares of the company’s stock valued at $607,000 after purchasing an additional 294 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF during the 3rd quarter valued at about $57,000.

BNY Mellon US Mid Cap Core Equity ETF Company Profile

(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.

Further Reading

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