Bank of New York Mellon Corp Invests $645,000 in Kensington Hedged Premium Income ETF (NYSEARCA:KHPI)

Bank of New York Mellon Corp bought a new stake in Kensington Hedged Premium Income ETF (NYSEARCA:KHPI) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 25,522 shares of the company’s stock, valued at approximately $645,000.

Several other large investors have also modified their holdings of KHPI. JPMorgan Chase & Co. bought a new position in Kensington Hedged Premium Income ETF during the 3rd quarter worth approximately $35,000. Sunbelt Securities Inc. acquired a new position in Kensington Hedged Premium Income ETF in the third quarter worth $402,000. Finally, Strategic Blueprint LLC bought a new stake in Kensington Hedged Premium Income ETF during the fourth quarter valued at $694,000.

Kensington Hedged Premium Income ETF Stock Performance

Kensington Hedged Premium Income ETF stock opened at $24.42 on Thursday. Kensington Hedged Premium Income ETF has a 1 year low of $24.18 and a 1 year high of $26.59. The firm’s 50-day moving average is $25.23 and its 200-day moving average is $25.35.

Kensington Hedged Premium Income ETF Profile

The Kensington Hedged Premium Income ETF (KHPI) is an exchange-traded fund that mostly invests in large cap equity. The fund actively manages multiple derivative strategies seeking to generate high monthly income, some upside participation potential in the S&P 500, with a downside hedge. The objective is to offer a more balanced income strategy than other covered option writing strategies.