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

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) saw strong trading volume on Tuesday . 22,177 shares changed hands during mid-day trading, an increase of 135% from the previous session’s volume of 9,424 shares.The stock last traded at $96.13 and had previously closed at $96.96.

BNY Mellon US Mid Cap Core Equity ETF Stock Performance

The stock has a 50-day simple moving average of $102.46 and a two-hundred day simple moving average of $103.04. The firm has a market cap of $513.88 million, a PE ratio of 19.38 and a beta of 1.06.

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

A number of large investors have recently made changes to their positions in the company. FMR LLC grew its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 21.7% during the 3rd quarter. FMR LLC now owns 661 shares of the company’s stock valued at $67,000 after acquiring an additional 118 shares during the period. Sentinel Pension Advisors Inc. grew its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 27.2% during the 4th quarter. Sentinel Pension Advisors Inc. now owns 6,278 shares of the company’s stock valued at $638,000 after acquiring an additional 1,342 shares during the period. RPOA Advisors Inc. grew its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 0.3% during the 4th quarter. RPOA Advisors Inc. now owns 3,945,271 shares of the company’s stock valued at $400,829,000 after acquiring an additional 11,581 shares during the period. Symphony Financial Ltd. Co. grew its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 213.5% during the 4th quarter. Symphony Financial Ltd. Co. now owns 6,960 shares of the company’s stock valued at $744,000 after acquiring an additional 4,740 shares during the period. Finally, Kestra Private Wealth Services LLC bought a new position in shares of BNY Mellon US Mid Cap Core Equity ETF during the 4th quarter valued at approximately $455,000.

About BNY Mellon US Mid Cap Core Equity ETF

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.