BNY Mellon International Equity ETF (NYSEARCA:BKIE) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of BNY Mellon International Equity ETF (NYSEARCA:BKIE) saw unusually-high trading volume on Thursday . Approximately 336,061 shares traded hands during mid-day 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 company’s 50-day moving average price is $75.24 and its 200 day moving average price is $75.76. The stock has a market capitalization of $624.53 million, a PE ratio of 14.45 and a beta of 0.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of BNY Mellon International Equity ETF by 16.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 23,400 shares of the company’s stock worth $1,741,000 after buying an additional 3,386 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of BNY Mellon International Equity ETF by 56.5% during 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 in the last quarter. Bank of New York Mellon Corp increased its holdings 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in BNY Mellon International Equity ETF by 2,315.1% in the 2nd 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 in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in BNY Mellon International Equity ETF during the 2nd quarter valued at about $213,000.

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.