BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) Shares Sold by Sovereign Investment Advisors LLC

Sovereign Investment Advisors LLC trimmed its position in BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) by 20.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 250,797 shares of the company’s stock after selling 63,078 shares during the period. BNY Mellon Global Infrastructure Income ETF makes up about 3.0% of Sovereign Investment Advisors LLC’s holdings, making the stock its 11th biggest position. Sovereign Investment Advisors LLC owned approximately 9.84% of BNY Mellon Global Infrastructure Income ETF worth $8,645,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in BNY Mellon Global Infrastructure Income ETF in the fourth quarter valued at $56,000. Jane Street Group LLC acquired a new stake in shares of BNY Mellon Global Infrastructure Income ETF in the fourth quarter valued at approximately $236,000. Smith Moore & CO. purchased a new position in shares of BNY Mellon Global Infrastructure Income ETF during the 4th quarter worth approximately $257,000. Envestnet Asset Management Inc. acquired a new position in shares of BNY Mellon Global Infrastructure Income ETF during the 1st quarter worth approximately $1,411,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in BNY Mellon Global Infrastructure Income ETF by 2.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 49,979 shares of the company’s stock valued at $1,507,000 after buying an additional 1,085 shares in the last quarter.

BNY Mellon Global Infrastructure Income ETF Stock Performance

BNY Mellon Global Infrastructure Income ETF stock opened at $38.76 on Wednesday. BNY Mellon Global Infrastructure Income ETF has a fifty-two week low of $29.16 and a fifty-two week high of $39.30. The stock has a fifty day moving average of $38.29 and a two-hundred day moving average of $35.22. The company has a market capitalization of $186.05 million, a price-to-earnings 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.