Park Avenue Securities LLC Acquires 21,331 Shares of BNY Mellon Global Infrastructure Income ETF $BKGI

Park Avenue Securities LLC acquired a new stake in shares of BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 21,331 shares of the company’s stock, valued at approximately $894,000.

A number of other large investors have also made changes to their positions in the stock. NBH Bank purchased a new stake in BNY Mellon Global Infrastructure Income ETF during the 2nd quarter worth about $42,000. Balefire LLC purchased a new position in BNY Mellon Global Infrastructure Income ETF in the 1st quarter valued at about $265,000. Capital Analysts LLC lifted its holdings in BNY Mellon Global Infrastructure Income ETF by 6.1% in the 2nd quarter. Capital Analysts LLC now owns 7,976 shares of the company’s stock valued at $359,000 after purchasing an additional 459 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in BNY Mellon Global Infrastructure Income ETF by 39.7% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 8,031 shares of the company’s stock valued at $337,000 after purchasing an additional 2,281 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of BNY Mellon Global Infrastructure Income ETF by 3.3% during the 1st quarter. First Trust Advisors LP now owns 8,151 shares of the company’s stock worth $363,000 after purchasing an additional 258 shares during the last quarter.

BNY Mellon Global Infrastructure Income ETF Price Performance

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

BNY Mellon Global Infrastructure Income ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a dividend of $0.2865 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from BNY Mellon Global Infrastructure Income ETF’s previous quarterly dividend of $0.5724. This represents a $1.15 annualized dividend and a dividend yield of 2.7%.

BNY Mellon Global Infrastructure Income ETF 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.