BNY Mellon International Equity ETF (NYSEARCA:BKIE) Hits New 1-Year High – Should You Buy?

BNY Mellon International Equity ETF (NYSEARCA:BKIE) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $34.03 and last traded at $33.17, with a volume of 31206 shares. The stock had previously closed at $33.43.

BNY Mellon International Equity ETF Stock Performance

The firm’s 50-day moving average price is $33.28 and its two-hundred day moving average price is $32.64. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 16.44 and a beta of 0.79.

Hedge Funds Weigh In On BNY Mellon International Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of BKIE. MGO One Seven LLC boosted its holdings in BNY Mellon International Equity ETF by 6.0% in the 4th quarter. MGO One Seven LLC now owns 457,785 shares of the company’s stock valued at $42,373,000 after purchasing an additional 26,029 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of BNY Mellon International Equity ETF by 5.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 410,898 shares of the company’s stock worth $38,033,000 after buying an additional 19,951 shares during the last quarter. LPL Financial LLC increased its holdings in shares of BNY Mellon International Equity ETF by 9.7% during the 4th quarter. LPL Financial LLC now owns 334,531 shares of the company’s stock worth $30,964,000 after buying an additional 29,469 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of BNY Mellon International Equity ETF by 2.7% during the 4th quarter. Bank of New York Mellon Corp now owns 232,351 shares of the company’s stock valued at $21,506,000 after buying an additional 6,105 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of BNY Mellon International Equity ETF by 7.1% during the 4th quarter. Osaic Holdings Inc. now owns 154,361 shares of the company’s stock valued at $14,293,000 after buying an additional 10,192 shares during the period.

About BNY Mellon International Equity ETF

The BNY Mellon International Equity ETF (BKIE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a market-cap-weighted index of large-caps in the Developed Markets outside of US. BKIE was launched on Apr 24, 2020 and is managed by BNY Mellon.