BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Hits New 52-Week High – Should You Buy?

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $109.71 and last traded at $109.71, with a volume of 69927 shares trading hands. The stock had previously closed at $109.02.

BNY Mellon US Large Cap Core Equity ETF Stock Up 0.6 %

The business has a 50-day simple moving average of $105.67 and a 200-day simple moving average of $102.57. The company has a market cap of $2.60 billion, a PE ratio of 27.03 and a beta of 1.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. acquired a new stake in shares of BNY Mellon US Large Cap Core Equity ETF in the fourth quarter valued at about $108,000. Clear Point Advisors Inc. lifted its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 2,981.3% in the first quarter. Clear Point Advisors Inc. now owns 1,479 shares of the company’s stock worth $148,000 after buying an additional 1,431 shares in the last quarter. Fiducient Advisors LLC purchased a new position in shares of BNY Mellon US Large Cap Core Equity ETF in the second quarter worth about $259,000. WealthCare Investment Partners LLC boosted its position in BNY Mellon US Large Cap Core Equity ETF by 32.7% during the second quarter. WealthCare Investment Partners LLC now owns 2,812 shares of the company’s stock worth $292,000 after acquiring an additional 693 shares during the last quarter. Finally, Aptus Capital Advisors LLC grew its position in shares of BNY Mellon US Large Cap Core Equity ETF by 71.9% in the second quarter. Aptus Capital Advisors LLC now owns 4,302 shares of the company’s stock valued at $446,000 after purchasing an additional 1,800 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.