BNY Mellon Global Infrastructure Income ETF $BKGI Stock Holdings Lessened by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC lowered its stake in shares of BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) by 45.1% during the third quarter, Holdings Channel reports. The fund owned 18,200 shares of the company’s stock after selling 14,961 shares during the quarter. Insight Wealth Strategies LLC’s holdings in BNY Mellon Global Infrastructure Income ETF were worth $763,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in BNY Mellon Global Infrastructure Income ETF by 75.6% in the 1st quarter. Royal Bank of Canada now owns 1,293,694 shares of the company’s stock valued at $57,622,000 after purchasing an additional 557,131 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in shares of BNY Mellon Global Infrastructure Income ETF during the 2nd quarter worth about $31,840,000. Sovereign Investment Advisors LLC boosted its stake in shares of BNY Mellon Global Infrastructure Income ETF by 8.4% during the 4th quarter. Sovereign Investment Advisors LLC now owns 681,004 shares of the company’s stock worth $27,616,000 after purchasing an additional 52,542 shares during the last quarter. Modern Wealth Management LLC grew its holdings in shares of BNY Mellon Global Infrastructure Income ETF by 2.0% during the first quarter. Modern Wealth Management LLC now owns 471,068 shares of the company’s stock worth $20,925,000 after buying an additional 9,025 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of BNY Mellon Global Infrastructure Income ETF during the first quarter worth about $18,059,000.

BNY Mellon Global Infrastructure Income ETF Stock Down 0.1%

Shares of BATS:BKGI traded down $0.03 during trading on Friday, reaching $41.20. The stock had a trading volume of 414,284 shares, compared to its average volume of 322,616. The business has a fifty day moving average price of $43.81 and a 200-day moving average price of $44.70. The stock has a market cap of $197.75 million, a P/E ratio of 14.74 and a beta of 0.60. BNY Mellon Global Infrastructure Income ETF has a fifty-two week low of $38.33 and a fifty-two week high of $46.84.

BNY Mellon Global Infrastructure Income ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a $0.2865 dividend. This represents a $1.15 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, October 1st. This is a decrease from BNY Mellon Global Infrastructure Income ETF’s previous quarterly dividend of $0.5724.

BNY Mellon Global Infrastructure Income ETF Company Profile

The Bny Mellon Global Infrastructure Income ETF (BKGI) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund is an actively managed fund of global dividend-paying companies involved in the infrastructure industry. BKGI was launched on Nov 2, 2022 and is managed by BNY Mellon.