BNY Mellon Global Infrastructure Income ETF $BKGI Shares Acquired by Kensington Asset Management LLC

Kensington Asset Management LLC grew its stake in BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) by 47.6% in the fourth quarter, Holdings Channel reports. The fund owned 64,716 shares of the company’s stock after purchasing an additional 20,870 shares during the period. Kensington Asset Management LLC’s holdings in BNY Mellon Global Infrastructure Income ETF were worth $2,624,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kestra Advisory Services LLC acquired a new stake in shares of BNY Mellon Global Infrastructure Income ETF in the 4th quarter worth $30,000. CIBC Private Wealth Group LLC increased its position in shares of BNY Mellon Global Infrastructure Income ETF by 516.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,084 shares of the company’s stock worth $124,000 after purchasing an additional 2,584 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of BNY Mellon Global Infrastructure Income ETF during the 4th quarter worth about $205,000. First Trust Advisors LP acquired a new stake in shares of BNY Mellon Global Infrastructure Income ETF during the 3rd quarter worth about $297,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of BNY Mellon Global Infrastructure Income ETF during the 4th quarter worth about $338,000.

BNY Mellon Global Infrastructure Income ETF Stock Performance

Shares of BATS:BKGI opened at $45.88 on Friday. The business has a 50-day moving average price of $45.37 and a 200 day moving average price of $43.48. The company has a market capitalization of $220.22 million, a price-to-earnings ratio of 14.74 and a beta of 0.60. BNY Mellon Global Infrastructure Income ETF has a 12-month low of $37.50 and a 12-month high of $46.84.

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.