Sovereign Investment Advisors LLC grew its stake in shares of BNY Mellon Global Infrastructure Income ETF (BATS:BKGI – Free Report) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 681,004 shares of the company’s stock after buying an additional 52,542 shares during the period. BNY Mellon Global Infrastructure Income ETF accounts for approximately 6.9% of Sovereign Investment Advisors LLC’s portfolio, making the stock its 5th largest holding. Sovereign Investment Advisors LLC owned approximately 14.19% of BNY Mellon Global Infrastructure Income ETF worth $27,616,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kensington Asset Management LLC increased its position in shares of BNY Mellon Global Infrastructure Income ETF by 47.6% during the fourth quarter. Kensington Asset Management LLC now owns 64,716 shares of the company’s stock valued at $2,624,000 after buying an additional 20,870 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of BNY Mellon Global Infrastructure Income ETF during the fourth quarter valued at about $30,000. Morgan Stanley increased its position in shares of BNY Mellon Global Infrastructure Income ETF by 279.9% during the fourth quarter. Morgan Stanley now owns 1,651,431 shares of the company’s stock valued at $66,619,000 after buying an additional 1,216,772 shares during the period. Arkadios Wealth Advisors bought a new stake in shares of BNY Mellon Global Infrastructure Income ETF during the fourth quarter valued at about $205,000. Finally, First Trust Advisors LP increased its position in shares of BNY Mellon Global Infrastructure Income ETF by 3.5% during the fourth quarter. First Trust Advisors LP now owns 7,893 shares of the company’s stock valued at $318,000 after buying an additional 268 shares during the period.
BNY Mellon Global Infrastructure Income ETF Stock Down 0.6%
Shares of BKGI opened at $45.61 on Tuesday. The business’s 50-day moving average price is $45.39 and its 200-day moving average price is $43.54. BNY Mellon Global Infrastructure Income ETF has a twelve month low of $37.50 and a twelve month high of $46.84. The stock has a market cap of $218.93 million, a PE ratio of 14.74 and a beta of 0.60.
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.
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