Sovereign Investment Advisors LLC Trims Stake in BNY Mellon Global Infrastructure Income ETF $BKGI

Sovereign Investment Advisors LLC cut its stake in shares of BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) by 6.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 696,182 shares of the company’s stock after selling 50,550 shares during the period. BNY Mellon Global Infrastructure Income ETF makes up approximately 5.9% of Sovereign Investment Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Sovereign Investment Advisors LLC owned about 14.50% of BNY Mellon Global Infrastructure Income ETF worth $31,307,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new position in BNY Mellon Global Infrastructure Income ETF in the fourth quarter valued at about $30,000. NBH Bank bought a new position in BNY Mellon Global Infrastructure Income ETF during the second quarter worth about $42,000. CIBC Private Wealth Group LLC grew its position in shares of BNY Mellon Global Infrastructure Income ETF by 516.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,084 shares of the company’s stock worth $124,000 after buying an additional 2,584 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of BNY Mellon Global Infrastructure Income ETF during the 4th quarter worth about $205,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in shares of BNY Mellon Global Infrastructure Income ETF in the 1st quarter valued at about $225,000.

BNY Mellon Global Infrastructure Income ETF Price Performance

Shares of BATS:BKGI opened at $44.34 on Friday. The company has a market capitalization of $212.83 million, a price-to-earnings ratio of 14.74 and a beta of 0.60. The firm’s 50 day simple moving average is $44.88 and its 200 day simple moving average is $45.04. BNY Mellon Global Infrastructure Income ETF has a fifty-two week low of $37.79 and a fifty-two week high of $46.84.

BNY Mellon Global Infrastructure Income ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.5724 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This is a boost from BNY Mellon Global Infrastructure Income ETF’s previous quarterly dividend of $0.21. This represents a $2.29 annualized dividend and a yield of 5.2%.

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.