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

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) saw unusually-strong trading volume on Tuesday . Approximately 9,522 shares changed hands during mid-day trading, a decline of 12% from the previous session’s volume of 10,862 shares.The stock last traded at $104.90 and had previously closed at $105.26.

BNY Mellon US Mid Cap Core Equity ETF Stock Down 0.7 %

The stock has a market capitalization of $513.58 million, a price-to-earnings ratio of 19.21 and a beta of 1.05. The business’s 50-day moving average is $104.98 and its two-hundred day moving average is $102.43.

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

Large investors have recently added to or reduced their stakes in the stock. Patriot Investment Management Group Inc. acquired a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF during the 3rd quarter worth approximately $204,000. Sentinel Pension Advisors Inc. lifted its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 14.6% in the 3rd quarter. Sentinel Pension Advisors Inc. now owns 4,936 shares of the company’s stock valued at $503,000 after purchasing an additional 629 shares during the last quarter. Symphony Financial Ltd. Co. acquired a new position in shares of BNY Mellon US Mid Cap Core Equity ETF in the 3rd quarter valued at $226,000. Diversify Wealth Management LLC grew its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 3.4% during the 3rd quarter. Diversify Wealth Management LLC now owns 153,013 shares of the company’s stock worth $15,573,000 after purchasing an additional 5,023 shares during the period. Finally, Key Financial Inc raised its holdings in BNY Mellon US Mid Cap Core Equity ETF by 19.4% in the 3rd quarter. Key Financial Inc now owns 1,178 shares of the company’s stock valued at $120,000 after buying an additional 191 shares during the period.

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.