Principal Securities Inc. Buys Shares of 4,423 BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC)

Principal Securities Inc. recently acquired a new stake in BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) during the 4th quarter, adding 4,423 shares valued at around $400,000 to their portfolio. This move indicates a growing interest in this particular ETF among investors.

In addition to Principal Securities Inc., other major investors have also shown interest in BKLC. For example, Cambridge Investment Research Advisors Inc. purchased a stake in the ETF worth $249,000 in the 3rd quarter. Raymond James & Associates increased their holdings by 3.5% during the same period. Advisors Preferred LLC and WealthBridge Capital Management LLC also made significant investments in BKLC, further highlighting the appeal of this ETF among investors.

BNY Mellon US Large Cap Core Equity ETF saw a 1.1% increase in trading on Thursday, with the stock opening at $100.62. The ETF has a market cap of $2.38 billion, a PE ratio of 27.03, and a beta of 1.02. Its performance over the past year has been strong, with a low of $76.62 and a high of $100.81.

Furthermore, BKLC recently announced an increase in its dividend, with stockholders receiving $0.3322 per share on April 5th. This marks a significant boost from the previous dividend of $0.31, indicating a positive outlook for the ETF’s performance.

The BNY Mellon US Large Cap Core Equity ETF is based on the Morningstar U.S. Large Cap index and represents the top 70% of the US equity market in terms of capitalization. Managed by BNY Mellon, BKLC has been performing well since its launch on April 9, 2020.

In conclusion, the growing interest from investors and the positive performance of BNY Mellon US Large Cap Core Equity ETF suggest that this ETF holds promise for the future. DailyBubble sees potential in BKLC and believes that it could be a valuable addition to investors’ portfolios.