BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sees Large Volume Increase – Still a Buy?

Shares of BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) saw an uptick in trading volume on Tuesday . 22,636 shares traded hands during trading, an increase of 110% from the previous session’s volume of 10,797 shares.The stock last traded at $105.03 and had previously closed at $106.03.

BNY Mellon US Mid Cap Core Equity ETF Trading Up 0.5 %

The firm has a 50 day moving average of $105.40 and a 200-day moving average of $102.11. The company has a market cap of $517.59 million, a P/E ratio of 19.21 and a beta of 1.05.

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Key Financial Inc increased its stake in BNY Mellon US Mid Cap Core Equity ETF by 40.7% in the 4th quarter. Key Financial Inc now owns 1,658 shares of the company’s stock worth $168,000 after acquiring an additional 480 shares during the last quarter. Kestra Private Wealth Services LLC bought a new stake in BNY Mellon US Mid Cap Core Equity ETF in the 4th quarter worth approximately $455,000. Symphony Financial Ltd. Co. increased its stake in BNY Mellon US Mid Cap Core Equity ETF by 213.5% in the 4th quarter. Symphony Financial Ltd. Co. now owns 6,960 shares of the company’s stock worth $744,000 after acquiring an additional 4,740 shares during the last quarter. RPOA Advisors Inc. increased its stake in BNY Mellon US Mid Cap Core Equity ETF by 0.3% in the 4th quarter. RPOA Advisors Inc. now owns 3,945,271 shares of the company’s stock worth $400,829,000 after acquiring an additional 11,581 shares during the last quarter. Finally, Sentinel Pension Advisors Inc. increased its stake in BNY Mellon US Mid Cap Core Equity ETF by 27.2% in the 4th quarter. Sentinel Pension Advisors Inc. now owns 6,278 shares of the company’s stock worth $638,000 after acquiring an additional 1,342 shares during 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.