BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sees Unusually-High Trading Volume – Still a Buy?

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) shares saw an uptick in trading volume on Thursday . 9,370 shares traded hands 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 Stock Down 2.1 %

The stock’s 50 day moving average price is $103.84 and its two-hundred day moving average price is $103.26. The stock has a market cap of $510.93 million, a price-to-earnings ratio of 19.55 and a beta of 1.05.

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

A number of hedge funds have recently modified their holdings of BKMC. Transce3nd LLC purchased a new stake in BNY Mellon US Mid Cap Core Equity ETF during the fourth quarter worth $38,000. FMR LLC raised its position 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 acquiring an additional 118 shares during the period. Barclays PLC purchased a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF during the 4th quarter worth about $68,000. Key Financial Inc boosted its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 40.7% during the 4th quarter. Key Financial Inc now owns 1,658 shares of the company’s stock worth $168,000 after acquiring an additional 480 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 56.3% during the 4th quarter. LPL Financial LLC now owns 4,101 shares of the company’s stock valued at $417,000 after acquiring an additional 1,477 shares during the period.

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.