BNY Mellon International Equity ETF (NYSEARCA:BKIE) Sees Large Volume Increase – Still a Buy?

BNY Mellon International Equity ETF (NYSEARCA:BKIE) shares saw strong trading volume on Tuesday . 117,954 shares were traded during mid-day trading, an increase of 299% from the previous session’s volume of 29,536 shares.The stock last traded at $76.18 and had previously closed at $76.75.

BNY Mellon International Equity ETF Stock Performance

The company’s 50 day moving average is $77.51 and its 200 day moving average is $75.54. The firm has a market cap of $655.92 million, a P/E ratio of 14.45 and a beta of 0.85.

Hedge Funds Weigh In On BNY Mellon International Equity ETF

Several institutional investors have recently made changes to their positions in the stock. Mather Group LLC. purchased a new stake in shares of BNY Mellon International Equity ETF during the 2nd quarter valued at approximately $26,000. Commonwealth Equity Services LLC purchased a new position in BNY Mellon International Equity ETF during the second quarter valued at $213,000. Rodgers & Associates LTD bought a new stake in BNY Mellon International Equity ETF during the first quarter worth about $216,000. Marcum Wealth LLC bought a new position in BNY Mellon International Equity ETF during the 2nd quarter valued at approximately $255,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of BNY Mellon International Equity ETF by 2,315.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,400 shares of the company’s stock valued at $476,000 after acquiring an additional 6,135 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.