Sovereign Investment Advisors LLC Sells 50,550 Shares of BNY Mellon Global Infrastructure Income ETF $BKGI

Sovereign Investment Advisors LLC cut its holdings in shares of BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) by 6.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 696,182 shares of the company’s stock after selling 50,550 shares during the period. BNY Mellon Global Infrastructure Income ETF accounts for approximately 5.9% of Sovereign Investment Advisors LLC’s portfolio, making the stock its 5th biggest position. Sovereign Investment Advisors LLC owned approximately 0.15% 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 recently added to or reduced their stakes in BKGI. Nottingham Advisors Inc. raised its position in shares of BNY Mellon Global Infrastructure Income ETF by 6.2% during the first quarter. Nottingham Advisors Inc. now owns 297,415 shares of the company’s stock worth $13,247,000 after purchasing an additional 17,281 shares during the period. Bank of America Corp DE bought a new position in shares of BNY Mellon Global Infrastructure Income ETF during the 1st quarter valued at about $18,059,000. Trilogy Capital Inc. grew its position in shares of BNY Mellon Global Infrastructure Income ETF by 26.0% in the 2nd quarter. Trilogy Capital Inc. now owns 81,813 shares of the company’s stock valued at $3,679,000 after purchasing an additional 16,886 shares during the period. Waterloo Capital L.P. acquired a new position in shares of BNY Mellon Global Infrastructure Income ETF in the 4th quarter valued at approximately $2,747,000. Finally, Kensington Asset Management LLC increased its stake in BNY Mellon Global Infrastructure Income ETF by 47.6% during the 4th quarter. Kensington Asset Management LLC now owns 64,716 shares of the company’s stock worth $2,624,000 after purchasing an additional 20,870 shares in the last quarter.

BNY Mellon Global Infrastructure Income ETF Stock Performance

Shares of BKGI stock opened at $44.34 on Friday. The company has a market capitalization of $212.83 million, a P/E ratio of 14.74 and a beta of 0.60. The company’s 50 day moving average price is $44.88 and its two-hundred day moving average price is $45.04. BNY Mellon Global Infrastructure Income ETF has a 52 week low of $37.79 and a 52 week high of $46.84.

BNY Mellon Global Infrastructure Income ETF Increases Dividend

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