Park Avenue Securities LLC Makes New Investment in BNY Mellon Global Infrastructure Income ETF $BKGI

Park Avenue Securities LLC bought a new stake in BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,331 shares of the company’s stock, valued at approximately $894,000. Park Avenue Securities LLC owned about 0.44% of BNY Mellon Global Infrastructure Income ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. First Trust Advisors LP boosted its position in shares of BNY Mellon Global Infrastructure Income ETF by 3.3% in the 1st quarter. First Trust Advisors LP now owns 8,151 shares of the company’s stock worth $363,000 after buying an additional 258 shares in the last quarter. Capital Analysts LLC increased its holdings in 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 acquiring an additional 459 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in BNY Mellon Global Infrastructure Income ETF by 4.4% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 14,276 shares of the company’s stock valued at $642,000 after acquiring an additional 599 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in BNY Mellon Global Infrastructure Income ETF by 8.2% during the 1st quarter. Sanctuary Advisors LLC now owns 10,937 shares of the company’s stock valued at $487,000 after acquiring an additional 828 shares in the last quarter. Finally, NBH Bank purchased a new position in BNY Mellon Global Infrastructure Income ETF during the 2nd quarter valued at about $42,000.

BNY Mellon Global Infrastructure Income ETF Trading Up 0.3%

Shares of BKGI opened at $42.62 on Wednesday. The stock has a market cap of $204.58 million, a P/E ratio of 14.74 and a beta of 0.60. The company has a 50-day moving average of $42.78 and a two-hundred day moving average of $44.24. BNY Mellon Global Infrastructure Income ETF has a 12-month low of $39.50 and a 12-month high of $46.84.

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 paid a dividend of $0.2865 per share. This is a negative change 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 dividend on an annualized basis and a dividend yield of 2.7%.

BNY Mellon Global Infrastructure Income ETF Company Profile

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.