Bank of New York Mellon Corp Increases Stake in BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM)

Bank of New York Mellon Corp raised its holdings in shares of BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM) by 496.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 424,673 shares of the company’s stock after buying an additional 353,471 shares during the period. Bank of New York Mellon Corp owned about 24.98% of BNY Mellon Emerging Markets Equity ETF worth $24,955,000 at the end of the most recent quarter.

Separately, Sanctuary Advisors LLC purchased a new stake in shares of BNY Mellon Emerging Markets Equity ETF in the third quarter worth $435,000.

BNY Mellon Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA BKEM opened at $61.88 on Monday. The firm has a fifty day moving average price of $60.08 and a 200-day moving average price of $60.91. The stock has a market cap of $120.67 million, a PE ratio of 14.08 and a beta of 0.62. BNY Mellon Emerging Markets Equity ETF has a 1 year low of $55.57 and a 1 year high of $68.19.

BNY Mellon Emerging Markets Equity ETF Company Profile

The BNY Mellon Emerging Markets Equity ETF (BKEM) is an exchange-traded fund that mostly invests in large cap equity. The fund is a passively managed fund with emerging market exposure to broad large-cap stocks, selected and weighted by market cap. BKEM was launched on Apr 24, 2020 and is managed by BNY Mellon.