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

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) hit a new 52-week high during trading on Wednesday . The company traded as high as $138.82 and last traded at $138.60, with a volume of 125310 shares trading hands. The stock had previously closed at $137.48.

BNY Mellon US Large Cap Core Equity ETF Price Performance

The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 25.44 and a beta of 1.02. The stock’s 50 day simple moving average is $130.08 and its two-hundred day simple moving average is $130.59.

Institutional Trading of BNY Mellon US Large Cap Core Equity ETF

Several institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in BNY Mellon US Large Cap Core Equity ETF in the first quarter worth about $1,105,000. Raymond James Financial Inc. boosted its holdings in BNY Mellon US Large Cap Core Equity ETF by 3.5% during the second quarter. Raymond James Financial Inc. now owns 4,105 shares of the company’s stock valued at $486,000 after purchasing an additional 137 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in BNY Mellon US Large Cap Core Equity ETF by 5.4% during the second quarter. Ameriprise Financial Inc. now owns 364,511 shares of the company’s stock valued at $43,169,000 after purchasing an additional 18,595 shares in the last quarter. MML Investors Services LLC grew its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 81.7% in the 2nd quarter. MML Investors Services LLC now owns 12,712 shares of the company’s stock valued at $1,506,000 after purchasing an additional 5,716 shares during the period. Finally, Orion Porfolio Solutions LLC bought a new stake in shares of BNY Mellon US Large Cap Core Equity ETF in the 2nd quarter valued at approximately $1,093,000.

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.