BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Sets New 52-Week High – Time to Buy?

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $117.50 and last traded at $117.40, with a volume of 70048 shares traded. The stock had previously closed at $117.26.

BNY Mellon US Large Cap Core Equity ETF Trading Down 1.8 %

The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 27.03 and a beta of 1.02. The firm’s 50-day moving average is $114.64 and its 200-day moving average is $111.24.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in shares of BNY Mellon US Large Cap Core Equity ETF by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 14,261 shares of the company’s stock valued at $1,598,000 after buying an additional 92 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in BNY Mellon US Large Cap Core Equity ETF by 3.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,622 shares of the company’s stock valued at $518,000 after buying an additional 156 shares during the last quarter. Global Retirement Partners LLC lifted its stake in BNY Mellon US Large Cap Core Equity ETF by 89.9% during the 4th quarter. Global Retirement Partners LLC now owns 488 shares of the company’s stock valued at $55,000 after acquiring an additional 231 shares in the last quarter. David Kennon Inc boosted its holdings in BNY Mellon US Large Cap Core Equity ETF by 1.8% during the 4th quarter. David Kennon Inc now owns 17,497 shares of the company’s stock worth $1,961,000 after acquiring an additional 304 shares during the last quarter. Finally, Clear Point Advisors Inc. grew its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 14.4% in the 4th quarter. Clear Point Advisors Inc. now owns 2,432 shares of the company’s stock worth $273,000 after acquiring an additional 307 shares in 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.