BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Hits New 1-Year High – Should You Buy?

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $114.90 and last traded at $114.90, with a volume of 780 shares. The stock had previously closed at $113.99.

BNY Mellon US Large Cap Core Equity ETF Trading Up 0.5 %

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 simple moving average is $110.59 and its two-hundred day simple moving average is $105.96.

Hedge Funds Weigh In On BNY Mellon US Large Cap Core Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC increased its position in shares of BNY Mellon US Large Cap Core Equity ETF by 13.3% in the third quarter. Integrated Wealth Concepts LLC now owns 2,018,483 shares of the company’s stock worth $221,145,000 after purchasing an additional 236,711 shares during the period. Sentinel Pension Advisors Inc. increased its holdings in BNY Mellon US Large Cap Core Equity ETF by 4.1% in the 3rd quarter. Sentinel Pension Advisors Inc. now owns 796,520 shares of the company’s stock valued at $87,267,000 after buying an additional 31,024 shares during the period. GM Advisory Group LLC acquired a new position in shares of BNY Mellon US Large Cap Core Equity ETF in the 2nd quarter valued at approximately $22,997,000. JDM Financial Group LLC lifted its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 9,856.5% during the 3rd quarter. JDM Financial Group LLC now owns 183,000 shares of the company’s stock worth $20,049,000 after acquiring an additional 181,162 shares during the period. Finally, MGO One Seven LLC acquired a new stake in shares of BNY Mellon US Large Cap Core Equity ETF during the 2nd quarter worth approximately $14,828,000.

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.