BNY Mellon International Equity ETF (NYSEARCA:BKIE) Shares Gap Up – What’s Next?

BNY Mellon International Equity ETF (NYSEARCA:BKIE)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $74.92, but opened at $77.17. BNY Mellon International Equity ETF shares last traded at $74.68, with a volume of 2,607 shares changing hands.

BNY Mellon International Equity ETF Stock Down 0.2 %

The company has a market capitalization of $642.85 million, a price-to-earnings ratio of 14.45 and a beta of 0.85. The stock’s 50-day moving average price is $75.59 and its 200-day moving average price is $75.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in shares of BNY Mellon International Equity ETF by 6.4% in the second quarter. Bank of New York Mellon Corp now owns 268,642 shares of the company’s stock valued at $19,991,000 after purchasing an additional 16,079 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of BNY Mellon International Equity ETF by 16.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 23,400 shares of the company’s stock worth $1,741,000 after acquiring an additional 3,386 shares during the period. Arkadios Wealth Advisors acquired a new stake in shares of BNY Mellon International Equity ETF during the second quarter worth $1,007,000. Commonwealth Equity Services LLC bought a new stake in shares of BNY Mellon International Equity ETF during the 2nd quarter valued at about $213,000. Finally, Total Investment Management Inc. increased its stake in shares of BNY Mellon International Equity ETF by 2.0% in the 2nd quarter. Total Investment Management Inc. now owns 659,342 shares of the company’s stock valued at $49,065,000 after acquiring an additional 12,928 shares in the last quarter.

BNY Mellon International Equity ETF Company Profile

The BNY Mellon International Equity ETF (BKIE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a market-cap-weighted index of large-caps in the Developed Markets outside of US. BKIE was launched on Apr 24, 2020 and is managed by BNY Mellon.