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

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) reached a new 52-week high on Tuesday . The stock traded as high as $133.46 and last traded at $133.24, with a volume of 270570 shares. The stock had previously closed at $133.08.

BNY Mellon US Large Cap Core Equity ETF Stock Performance

The stock has a 50-day moving average of $130.56 and a 200 day moving average of $126.63. The firm has a market capitalization of $5.06 billion, a P/E ratio of 25.44 and a beta of 1.02.

BNY Mellon US Large Cap Core Equity ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 29th were issued a $0.3923 dividend. This is a positive change from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.33. This represents a $1.57 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, December 29th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sentinel Pension Advisors LLC grew its position in shares of BNY Mellon US Large Cap Core Equity ETF by 13.3% during the 4th quarter. Sentinel Pension Advisors LLC now owns 965,595 shares of the company’s stock worth $126,300,000 after buying an additional 113,587 shares during the period. Wealth Group Ltd boosted its stake in BNY Mellon US Large Cap Core Equity ETF by 1.8% in the fourth quarter. Wealth Group Ltd now owns 10,067 shares of the company’s stock valued at $1,317,000 after acquiring an additional 175 shares during the last quarter. Collective Family Office LLC grew its holdings in BNY Mellon US Large Cap Core Equity ETF by 11.0% during the 4th quarter. Collective Family Office LLC now owns 15,270 shares of the company’s stock worth $1,997,000 after acquiring an additional 1,515 shares during the period. Park Avenue Securities LLC grew its holdings in BNY Mellon US Large Cap Core Equity ETF by 27.2% during the 4th quarter. Park Avenue Securities LLC now owns 23,081 shares of the company’s stock worth $3,019,000 after acquiring an additional 4,938 shares during the period. Finally, Triumph Capital Management bought a new stake in shares of BNY Mellon US Large Cap Core Equity ETF during the 3rd quarter valued at $103,000.

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.