BNY Mellon International Equity ETF (NYSEARCA:BKIE) Reaches New 12-Month High – Still a Buy?

BNY Mellon International Equity ETF (NYSEARCA:BKIE)’s share price reached a new 52-week high on Monday . The stock traded as high as $93.34 and last traded at $93.2660, with a volume of 15067 shares. The stock had previously closed at $93.00.

BNY Mellon International Equity ETF Price Performance

The company’s 50 day simple moving average is $90.70 and its 200 day simple moving average is $88.13. The stock has a market cap of $1.08 billion, a P/E ratio of 16.44 and a beta of 0.85.

BNY Mellon International Equity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were given a $0.5238 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.2%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. bought a new position in shares of BNY Mellon International Equity ETF during the 2nd quarter valued at about $52,000. U.S. Capital Wealth Advisors LLC acquired a new stake in BNY Mellon International Equity ETF during the 3rd quarter worth approximately $1,297,000. Creative Financial Designs Inc. ADV lifted its stake in BNY Mellon International Equity ETF by 14.1% in the second quarter. Creative Financial Designs Inc. ADV now owns 199,927 shares of the company’s stock valued at $17,228,000 after buying an additional 24,697 shares in the last quarter. Capital Investment Advisors LLC acquired a new position in shares of BNY Mellon International Equity ETF in the second quarter valued at approximately $523,000. Finally, Stratos Wealth Partners LTD. lifted its position in BNY Mellon International Equity ETF by 53.6% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 30,890 shares of the company’s stock valued at $2,662,000 after acquiring an additional 10,776 shares in the last quarter.

About BNY Mellon International Equity ETF

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.