Insight Wealth Strategies LLC Sells 14,961 Shares of BNY Mellon Global Infrastructure Income ETF $BKGI

Insight Wealth Strategies LLC decreased its holdings in BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) by 45.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,200 shares of the company’s stock after selling 14,961 shares during the quarter. Insight Wealth Strategies LLC owned about 0.38% of BNY Mellon Global Infrastructure Income ETF worth $763,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of 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 during the period. Avior Wealth Management LLC acquired a new stake in shares of BNY Mellon Global Infrastructure Income ETF in the 2nd quarter worth approximately $31,840,000. Sovereign Investment Advisors LLC increased its stake in 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 purchasing an additional 52,542 shares in the last quarter. Modern Wealth Management LLC raised its holdings in BNY Mellon Global Infrastructure Income ETF by 2.0% during the first quarter. Modern Wealth Management LLC now owns 471,068 shares of the company’s stock worth $20,925,000 after purchasing an additional 9,025 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of BNY Mellon Global Infrastructure Income ETF in the first quarter valued at $18,059,000.

BNY Mellon Global Infrastructure Income ETF Stock Performance

BATS BKGI traded down $0.03 during trading hours on Friday, reaching $41.20. The company’s stock had a trading volume of 414,284 shares, compared to its average volume of 322,616. The company’s 50-day moving average is $43.81 and its two-hundred day moving average is $44.70. BNY Mellon Global Infrastructure Income ETF has a fifty-two week low of $38.33 and a fifty-two week high of $46.84. The stock has a market cap of $197.75 million, a PE ratio of 14.74 and a beta of 0.60.

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

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.