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

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) saw strong trading volume on Thursday . 235,324 shares traded hands during trading, an increase of 1,037% from the previous session’s volume of 20,701 shares.The stock last traded at $118.6450 and had previously closed at $117.60.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

The firm has a market capitalization of $653.73 million, a PE ratio of 19.73 and a beta of 1.06. The company has a 50-day moving average price of $115.17 and a 200-day moving average price of $110.56.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were given a $0.4651 dividend. This is a boost from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.35. This represents a $1.86 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, December 29th.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in BNY Mellon US Mid Cap Core Equity ETF in the 3rd quarter worth about $57,000. Raymond James Financial Inc. purchased a new stake in BNY Mellon US Mid Cap Core Equity ETF in the second quarter valued at approximately $60,000. Fifth Third Wealth Advisors LLC purchased a new position in BNY Mellon US Mid Cap Core Equity ETF during the third quarter worth approximately $226,000. Royal Bank of Canada grew its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 129.8% during the 4th quarter. Royal Bank of Canada now owns 2,116 shares of the company’s stock valued at $231,000 after buying an additional 1,195 shares during the period. Finally, Key Financial Inc raised its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 56.4% in the 2nd quarter. Key Financial Inc now owns 3,713 shares of the company’s stock worth $380,000 after buying an additional 1,339 shares during the period.

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.