BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Hits New 12-Month High – Should You Buy?

Shares of BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) reached a new 52-week high on Wednesday . The stock traded as high as $112.32 and last traded at $112.29, with a volume of 7444 shares. The stock had previously closed at $109.91.

BNY Mellon US Large Cap Core Equity ETF Stock Performance

The company has a market cap of $2.67 billion, a P/E ratio of 27.03 and a beta of 1.02. The firm has a 50 day moving average price of $108.36 and a two-hundred day moving average price of $104.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BKLC. Aptus Capital Advisors LLC boosted its stake in BNY Mellon US Large Cap Core Equity ETF by 74.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 7,488 shares of the company’s stock worth $820,000 after purchasing an additional 3,186 shares during the period. Wealth Forward LLC boosted its stake in BNY Mellon US Large Cap Core Equity ETF by 43.6% in the 3rd quarter. Wealth Forward LLC now owns 16,652 shares of the company’s stock worth $1,824,000 after purchasing an additional 5,059 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in BNY Mellon US Large Cap Core Equity ETF by 1.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 47,373 shares of the company’s stock worth $5,190,000 after purchasing an additional 889 shares during the period. David Kennon Inc boosted its stake in BNY Mellon US Large Cap Core Equity ETF by 3.5% in the 3rd quarter. David Kennon Inc now owns 17,193 shares of the company’s stock worth $1,884,000 after purchasing an additional 574 shares during the period. Finally, Symphony Financial Ltd. Co. bought a new position in BNY Mellon US Large Cap Core Equity ETF in the 3rd quarter worth about $634,000.

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.