144,641 Shares of BNY Mellon Global Infrastructure Income ETF $BKGI Bought by Riversedge Advisors LLC

Riversedge Advisors LLC bought a new stake in shares of BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 144,641 shares of the company’s stock, valued at approximately $6,065,000. BNY Mellon Global Infrastructure Income ETF accounts for approximately 0.7% of Riversedge Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Riversedge Advisors LLC owned 3.01% of BNY Mellon Global Infrastructure Income ETF as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of BKGI. Royal Bank of Canada grew its position in shares of BNY Mellon Global Infrastructure Income ETF by 75.6% during the 1st quarter. Royal Bank of Canada now owns 1,293,694 shares of the company’s stock worth $57,622,000 after buying an additional 557,131 shares during the period. Avior Wealth Management LLC acquired a new position in BNY Mellon Global Infrastructure Income ETF in the second quarter valued at approximately $31,840,000. Sovereign Investment Advisors LLC boosted its stake in BNY Mellon Global Infrastructure Income ETF by 8.4% in the fourth quarter. Sovereign Investment Advisors LLC now owns 681,004 shares of the company’s stock valued at $27,616,000 after acquiring an additional 52,542 shares during the last quarter. Modern Wealth Management LLC boosted its stake in BNY Mellon Global Infrastructure Income ETF by 2.0% in the first quarter. Modern Wealth Management LLC now owns 471,068 shares of the company’s stock valued at $20,925,000 after acquiring an additional 9,025 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in BNY Mellon Global Infrastructure Income ETF during the 1st quarter worth $18,059,000.

BNY Mellon Global Infrastructure Income ETF Price Performance

Shares of BNY Mellon Global Infrastructure Income ETF stock traded down $0.03 on Friday, hitting $41.20. 423,598 shares of the company’s stock traded hands, compared to its average volume of 322,616. The firm’s 50-day moving average price is $43.81 and its two-hundred day moving average price is $44.70. The stock has a market capitalization of $197.77 million, a PE ratio of 14.74 and a beta of 0.60. BNY Mellon Global Infrastructure Income ETF has a one year low of $38.33 and a one year high of $46.84.

BNY Mellon Global Infrastructure Income ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.2865 dividend. This is a drop from BNY Mellon Global Infrastructure Income ETF’s previous quarterly dividend of $0.5724. This represents a $1.15 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, October 1st.

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.