BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Sees Large Volume Increase – What’s Next?

Shares of BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) saw an uptick in trading volume on Thursday. Approximately 16,124,070 shares traded hands during trading, an increase of 2,150% from the previous session’s volume of 716,611 shares. The stock last traded at $49.6150 and had previously closed at $49.73.

BNY Mellon US Large Cap Core Equity ETF Stock Performance

The company’s fifty day moving average price is $49.03 and its 200-day moving average price is $47.18. The stock has a market cap of $5.88 billion, a P/E ratio of 25.44 and a beta of 1.02.

BNY Mellon US Large Cap Core Equity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.1260 per share. This is a negative change from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.3828. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, October 1st.

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

Several hedge funds have recently bought and sold shares of the business. Wealth Group Ltd lifted its holdings in BNY Mellon US Large Cap Core Equity ETF by 231.5% during the 3rd quarter. Wealth Group Ltd now owns 46,598 shares of the company’s stock valued at $2,294,000 after buying an additional 32,540 shares in the last quarter. Collective Family Office LLC lifted its holdings in BNY Mellon US Large Cap Core Equity ETF by 187.8% during the third quarter. Collective Family Office LLC now owns 33,548 shares of the company’s stock worth $1,639,000 after buying an additional 21,891 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 16.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 128,639 shares of the company’s stock worth $18,446,000 after purchasing an additional 17,699 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in BNY Mellon US Large Cap Core Equity ETF by 1.9% in the second quarter. Integrated Wealth Concepts LLC now owns 2,945,201 shares of the company’s stock valued at $422,312,000 after purchasing an additional 55,455 shares during the last quarter. Finally, Principia Wealth Advisory LLC grew its stake in BNY Mellon US Large Cap Core Equity ETF by 3.0% in the second quarter. Principia Wealth Advisory LLC now owns 102,922 shares of the company’s stock valued at $14,755,000 after purchasing an additional 3,002 shares during the last quarter.

BNY Mellon US Large Cap Core Equity ETF Company Profile

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.