First Command Advisory Services Inc. Purchases 10,878,237 Shares of BNY Mellon Global Infrastructure Income ETF $BKGI

First Command Advisory Services Inc. bought a new position in BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) in the third quarter, Holdings Channel.com reports. The institutional investor bought 10,878,237 shares of the company’s stock, valued at approximately $456,124,000. BNY Mellon Global Infrastructure Income ETF accounts for approximately 2.5% of First Command Advisory Services Inc.’s portfolio, making the stock its 8th largest holding. First Command Advisory Services Inc. owned 2.27% of BNY Mellon Global Infrastructure Income ETF as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. First Trust Advisors LP grew its holdings in BNY Mellon Global Infrastructure Income ETF by 3.3% in the first quarter. First Trust Advisors LP now owns 8,151 shares of the company’s stock worth $363,000 after purchasing an additional 258 shares during the last quarter. Capital Analysts LLC lifted its holdings in shares of BNY Mellon Global Infrastructure Income ETF by 6.1% during the 2nd quarter. Capital Analysts LLC now owns 7,976 shares of the company’s stock valued at $359,000 after purchasing an additional 459 shares during the last quarter. Security Financial Services INC. boosted its position in shares of BNY Mellon Global Infrastructure Income ETF by 6.6% in the 3rd quarter. Security Financial Services INC. now owns 7,709 shares of the company’s stock worth $323,000 after purchasing an additional 474 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of BNY Mellon Global Infrastructure Income ETF by 4.4% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 14,276 shares of the company’s stock worth $642,000 after purchasing an additional 599 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. boosted its position in shares of BNY Mellon Global Infrastructure Income ETF by 6.6% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 12,585 shares of the company’s stock worth $528,000 after purchasing an additional 775 shares in the last quarter.

BNY Mellon Global Infrastructure Income ETF Price Performance

Shares of BKGI stock opened at $43.01 on Thursday. The stock’s fifty day moving average price is $42.59 and its 200 day moving average price is $44.29. BNY Mellon Global Infrastructure Income ETF has a 1-year low of $39.67 and a 1-year high of $46.84. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 17.59 and a beta of 0.49.

BNY Mellon Global Infrastructure Income ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.2865 dividend. This is a decrease from BNY Mellon Global Infrastructure Income ETF’s previous quarterly dividend of $0.5724. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.15 annualized dividend and a dividend yield of 2.7%.

About BNY Mellon Global Infrastructure Income ETF

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.