BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Sets New 1-Year High – Still a Buy?

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC)’s stock price reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $49.95 and last traded at $49.83, with a volume of 48855 shares traded. The stock had previously closed at $49.58.

BNY Mellon US Large Cap Core Equity ETF Stock Up 0.7%

The firm’s fifty day simple moving average is $48.92 and its 200-day simple moving average is $47.07. The company has a market cap of $5.91 billion, a PE ratio of 25.44 and a beta of 1.02.

BNY Mellon US Large Cap Core Equity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st will be issued a $0.1260 dividend. This is a negative change from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.3828. The ex-dividend date is Thursday, October 1st. This represents a $0.50 annualized dividend and a yield of 1.0%.

Hedge Funds Weigh In On BNY Mellon US Large Cap Core Equity ETF

Large investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC grew its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 1.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 2,945,201 shares of the company’s stock valued at $422,312,000 after buying an additional 55,455 shares during the period. Bank of New York Mellon Corp boosted its holdings in BNY Mellon US Large Cap Core Equity ETF by 12.9% in the first quarter. Bank of New York Mellon Corp now owns 1,526,246 shares of the company’s stock valued at $190,491,000 after acquiring an additional 174,048 shares during the last quarter. GM Advisory Group LLC increased its stake in BNY Mellon US Large Cap Core Equity ETF by 14.8% during the first quarter. GM Advisory Group LLC now owns 622,092 shares of the company’s stock worth $77,643,000 after acquiring an additional 80,131 shares during the last quarter. Stadion Money Management LLC raised its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 32.8% in the 1st quarter. Stadion Money Management LLC now owns 607,509 shares of the company’s stock worth $75,823,000 after purchasing an additional 150,119 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 2,374.0% in the 1st quarter. Royal Bank of Canada now owns 411,647 shares of the company’s stock worth $51,377,000 after purchasing an additional 395,008 shares during the period.

About BNY Mellon US Large Cap Core Equity ETF

The BNY Mellon US Large Cap Core Equity ETF (BKLC) is an exchange-traded fund that is based on the Morningstar U.S. Large Cap index, a market-cap-weighted index of large-cap stocks that represent the top 70% of the US equity market, in terms of capitalization. BKLC was launched on Apr 9, 2020 and is managed by BNY Mellon.