BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sees Large Volume Increase – Here’s What Happened

Shares of BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) saw unusually-high trading volume on Friday . Approximately 7,390 shares traded hands during mid-day trading, an increase of 63% from the previous session’s volume of 4,540 shares.The stock last traded at $102.71 and had previously closed at $101.46.

BNY Mellon US Mid Cap Core Equity ETF Stock Performance

The business’s 50 day moving average price is $105.65 and its 200-day moving average price is $100.50. The company has a market cap of $505.04 million, a price-to-earnings ratio of 19.21 and a beta of 1.05.

Institutional Investors Weigh In On BNY Mellon US Mid Cap Core Equity ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 21.7% during the third quarter. FMR LLC now owns 661 shares of the company’s stock worth $67,000 after buying an additional 118 shares in the last quarter. Key Financial Inc boosted its stake in BNY Mellon US Mid Cap Core Equity ETF by 19.4% in the third quarter. Key Financial Inc now owns 1,178 shares of the company’s stock worth $120,000 after purchasing an additional 191 shares in the last quarter. Patriot Investment Management Group Inc. acquired a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF in the third quarter valued at $204,000. Symphony Financial Ltd. Co. acquired a new position in BNY Mellon US Mid Cap Core Equity ETF during the 3rd quarter worth about $226,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in BNY Mellon US Mid Cap Core Equity ETF during the 2nd quarter worth about $427,000.

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.