BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Sees Strong Trading Volume – Time to Buy?

Shares of BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) saw an uptick in trading volume on Wednesday . 106,425 shares were traded during trading, an increase of 3% from the previous session’s volume of 103,285 shares.The stock last traded at $107.00 and had previously closed at $107.02.

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

The stock’s fifty day simple moving average is $112.37 and its 200-day simple moving average is $112.22. The stock has a market capitalization of $3.25 billion, a PE ratio of 25.74 and a beta of 1.03.

Hedge Funds Weigh In On BNY Mellon US Large Cap Core Equity ETF

Hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 31.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 62,073 shares of the company’s stock worth $6,956,000 after buying an additional 14,700 shares during the last quarter. REAP Financial Group LLC purchased a new position in BNY Mellon US Large Cap Core Equity ETF in the fourth quarter valued at about $85,000. JDM Financial Group LLC grew its position in shares of BNY Mellon US Large Cap Core Equity ETF by 4.7% during the 4th quarter. JDM Financial Group LLC now owns 191,515 shares of the company’s stock valued at $21,461,000 after acquiring an additional 8,515 shares during the period. Lantern Wealth Advisors LLC purchased a new stake in shares of BNY Mellon US Large Cap Core Equity ETF during the 4th quarter worth approximately $344,000. Finally, Two Sigma Investments LP bought a new stake in shares of BNY Mellon US Large Cap Core Equity ETF in the 4th quarter worth approximately $14,848,000.

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.