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

Shares of BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) saw unusually-strong trading volume on Tuesday . Approximately 13,658 shares changed hands during trading, an increase of 40% from the previous session’s volume of 9,743 shares.The stock last traded at $98.94 and had previously closed at $96.58.

BNY Mellon US Mid Cap Core Equity ETF Stock Up 0.1 %

The stock has a market cap of $520.62 million, a P/E ratio of 19.38 and a beta of 1.06. The company’s 50 day moving average price is $102.19 and its 200-day moving average price is $103.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BKMC. Bank of New York Mellon Corp lifted its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 20.5% in the fourth quarter. Bank of New York Mellon Corp now owns 554,496 shares of the company’s stock valued at $56,335,000 after buying an additional 94,427 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF in the fourth quarter valued at about $455,000. FMR LLC lifted its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 21.7% during the 3rd quarter. FMR LLC now owns 661 shares of the company’s stock worth $67,000 after buying an additional 118 shares in the last quarter. RPOA Advisors Inc. boosted its stake in shares of 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 buying an additional 11,581 shares during the last quarter. Finally, Key Financial Inc increased its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 40.7% during the fourth quarter. Key Financial Inc now owns 1,658 shares of the company’s stock valued at $168,000 after acquiring an additional 480 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.