BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sees Strong Trading Volume – Should You Buy?

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) saw unusually-high trading volume on Tuesday . Approximately 13,658 shares traded hands during mid-day trading, an increase of 40% from the previous session’s volume of 9,743 shares.The stock last traded at $98.94 and had previously closed at $96.58.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

The stock has a market capitalization of $516.78 million, a price-to-earnings ratio of 19.38 and a beta of 1.06. The firm has a fifty day moving average of $101.99 and a 200 day moving average of $103.06.

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

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

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.