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

Riversedge Advisors LLC acquired a new position in shares of BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) during the 3rd quarter, Holdings Channel reports. The fund acquired 144,641 shares of the company’s stock, valued at approximately $6,065,000. BNY Mellon Global Infrastructure Income ETF comprises about 0.7% of Riversedge Advisors LLC’s holdings, making the stock its 27th biggest holding.

Several other large investors have also recently bought and sold shares of BKGI. Royal Bank of Canada increased its stake in BNY Mellon Global Infrastructure Income ETF by 75.6% in the first quarter. Royal Bank of Canada now owns 1,293,694 shares of the company’s stock valued at $57,622,000 after purchasing an additional 557,131 shares in the last quarter. Avior Wealth Management LLC acquired a new position in shares of BNY Mellon Global Infrastructure Income ETF in the 2nd quarter valued at $31,840,000. Sovereign Investment Advisors LLC grew its holdings in shares of BNY Mellon Global Infrastructure Income ETF by 8.4% in the 4th quarter. Sovereign Investment Advisors LLC now owns 681,004 shares of the company’s stock valued at $27,616,000 after buying an additional 52,542 shares during the period. Modern Wealth Management LLC increased its position in shares of BNY Mellon Global Infrastructure Income ETF by 2.0% in the 1st quarter. Modern Wealth Management LLC now owns 471,068 shares of the company’s stock valued at $20,925,000 after buying an additional 9,025 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of BNY Mellon Global Infrastructure Income ETF in the 1st quarter valued at $18,059,000.

BNY Mellon Global Infrastructure Income ETF Stock Performance

BKGI stock traded down $0.03 during midday trading on Friday, hitting $41.20. 423,598 shares of the company’s stock were exchanged, compared to its average volume of 322,616. BNY Mellon Global Infrastructure Income ETF has a one year low of $38.33 and a one year high of $46.84. The company has a market cap of $197.77 million, a PE ratio of 14.74 and a beta of 0.60. The stock’s fifty day moving average price is $43.81 and its 200-day moving average price is $44.70.

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 issued a dividend of $0.2865 per share. This is a drop from BNY Mellon Global Infrastructure Income ETF’s previous quarterly dividend of $0.5724. The ex-dividend date was Thursday, October 1st. This represents a $1.15 annualized dividend and a dividend yield of 2.8%.

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.