BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Reaches New 1-Year High – Time to Buy?

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $116.84 and last traded at $116.84, with a volume of 94795 shares trading hands. The stock had previously closed at $116.19.

BNY Mellon US Large Cap Core Equity ETF Stock Down 0.3 %

The business has a 50-day moving average price of $114.20 and a 200-day moving average price of $109.62. The firm has a market capitalization of $2.76 billion, a P/E ratio of 27.03 and a beta of 1.02.

Institutional Trading of BNY Mellon US Large Cap Core Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in BNY Mellon US Large Cap Core Equity ETF by 13.8% during the third quarter. FMR LLC now owns 4,022 shares of the company’s stock valued at $441,000 after purchasing an additional 487 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of BNY Mellon US Large Cap Core Equity ETF by 30.5% during the 2nd quarter. Cetera Investment Advisers now owns 12,518 shares of the company’s stock worth $1,299,000 after buying an additional 2,927 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in BNY Mellon US Large Cap Core Equity ETF by 1,284.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 18,620 shares of the company’s stock valued at $1,932,000 after buying an additional 17,275 shares in the last quarter. David Kennon Inc grew its position in BNY Mellon US Large Cap Core Equity ETF by 3.5% in the third quarter. David Kennon Inc now owns 17,193 shares of the company’s stock valued at $1,884,000 after acquiring an additional 574 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in BNY Mellon US Large Cap Core Equity ETF by 84.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,087 shares of the company’s stock worth $632,000 after acquiring an additional 2,790 shares in the last quarter.

About BNY Mellon US Large Cap Core Equity ETF

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.