BNY Mellon International Equity ETF (NYSEARCA:BKIE) Sees Large Volume Increase – Should You Buy?

BNY Mellon International Equity ETF (NYSEARCA:BKIE) saw strong trading volume on Thursday . 336,061 shares changed hands during trading, an increase of 1,072% from the previous session’s volume of 28,670 shares.The stock last traded at $72.59 and had previously closed at $72.78.

BNY Mellon International Equity ETF Stock Performance

The stock has a market capitalization of $623.41 million, a PE ratio of 14.45 and a beta of 0.85. The business’s 50-day moving average price is $75.44 and its 200 day moving average price is $75.81.

Institutional Investors Weigh In On BNY Mellon International Equity ETF

A number of hedge funds have recently made changes to their positions in BKIE. Cambridge Investment Research Advisors Inc. grew its holdings in shares of BNY Mellon International Equity ETF by 16.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 23,400 shares of the company’s stock worth $1,741,000 after purchasing an additional 3,386 shares during the last quarter. Cetera Investment Advisers increased its position in shares of BNY Mellon International Equity ETF by 56.5% in the second quarter. Cetera Investment Advisers now owns 15,974 shares of the company’s stock valued at $1,189,000 after acquiring an additional 5,769 shares during the period. Bank of New York Mellon Corp raised its stake in shares of BNY Mellon International Equity ETF by 6.4% during the second quarter. Bank of New York Mellon Corp now owns 268,642 shares of the company’s stock valued at $19,991,000 after acquiring an additional 16,079 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of BNY Mellon International Equity ETF by 2,315.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,400 shares of the company’s stock worth $476,000 after purchasing an additional 6,135 shares during the period. Finally, Commonwealth Equity Services LLC bought a new stake in shares of BNY Mellon International Equity ETF in the second quarter worth about $213,000.

BNY Mellon International Equity ETF Company Profile

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.