BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sees Unusually-High Trading Volume – Still a Buy?

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) shares saw strong trading volume on Wednesday . 9,784 shares were traded during trading, an increase of 1% from the previous session’s volume of 9,711 shares.The stock last traded at $106.05 and had previously closed at $106.14.

BNY Mellon US Mid Cap Core Equity ETF Trading Down 0.6 %

The company has a market cap of $518.25 million, a price-to-earnings ratio of 19.21 and a beta of 1.05. The company has a fifty day moving average price of $105.58 and a two-hundred day moving average price of $101.89.

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

Several institutional investors have recently bought and sold shares of BKMC. Symphony Financial Ltd. Co. acquired a new position in BNY Mellon US Mid Cap Core Equity ETF in the third quarter worth $226,000. FMR LLC boosted its stake in BNY Mellon US Mid Cap Core Equity ETF by 21.7% in the third quarter. FMR LLC now owns 661 shares of the company’s stock worth $67,000 after purchasing an additional 118 shares in the last quarter. Patriot Investment Management Group Inc. acquired a new position in BNY Mellon US Mid Cap Core Equity ETF in the third quarter worth $204,000. Northwestern Mutual Wealth Management Co. acquired a new position in BNY Mellon US Mid Cap Core Equity ETF in the second quarter worth $427,000. Finally, Sentinel Pension Advisors Inc. boosted its stake in BNY Mellon US Mid Cap Core Equity ETF by 14.6% in the third quarter. Sentinel Pension Advisors Inc. now owns 4,936 shares of the company’s stock worth $503,000 after purchasing an additional 629 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.