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NEW YORK ( TheStreet) -- Bank of New York Mellon (NYSE: BK) hit a new 52-week high Monday as it traded at $47.30 compared with its previous 52-Week high of $32.65. Bank of New York Mellon is changing hands at $28.98 with 2.1 million shares traded as of 11:26 a.m. ET. Average volume has been 6.4 million shares over the past 30 days. Bank of New York Mellon has a market cap of $35.7 billion and is part of the financial sector and financial services industry. Shares are down 4.4% year to date as of the close of trading on Friday. The Bank of New York Mellon Corporation, a financial services company, provides various products and services for institutions and individuals worldwide. The company has a P/E ratio of 13.6, below the average financial services industry P/E ratio of 14 and below the S&P 500 P/E ratio of 15.8.