BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Stock Price Breaks Above Two Hundred Day Moving Average – What’s Next?

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) shares crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $39.36 and traded as high as $39.73. BNY Mellon US Mid Cap Core Equity ETF shares last traded at $39.73, with a volume of 19,693 shares changing hands.

BNY Mellon US Mid Cap Core Equity ETF Trading Up 1.3%

The company has a market cap of $655.54 million, a PE ratio of 19.73 and a beta of 1.02. The business has a 50 day simple moving average of $39.60 and a two-hundred day simple moving average of $39.36.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.1386 dividend. The ex-dividend date was Thursday, October 1st. This is a decrease from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.3775. This represents a $0.55 annualized dividend and a yield of 1.4%.

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

Large investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 56.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 532 shares of the company’s stock worth $58,000 after acquiring an additional 192 shares in the last quarter. Arlington Trust Co LLC purchased a new position in shares of BNY Mellon US Mid Cap Core Equity ETF in the 2nd quarter valued at $156,000. Patriot Investment Management Group Inc. lifted its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 200.0% during the 3rd quarter. Patriot Investment Management Group Inc. now owns 6,000 shares of the company’s stock valued at $232,000 after acquiring an additional 4,000 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 200.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 6,252 shares of the company’s stock valued at $241,000 after acquiring an additional 4,168 shares in the last quarter. Finally, Krilogy Financial LLC lifted its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 198.2% during the 3rd quarter. Krilogy Financial LLC now owns 6,591 shares of the company’s stock valued at $256,000 after acquiring an additional 4,381 shares in the last quarter.

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.