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

Bank of New York Mellon Corp acquired a new stake in shares of Kensington Hedged Premium Income ETF (NYSEARCA:KHPI) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 25,522 shares of the company’s stock, valued at approximately $645,000.

A number of other institutional investors have also made changes to their positions in the stock. Strategic Blueprint LLC bought a new stake in Kensington Hedged Premium Income ETF during the fourth quarter worth approximately $694,000. Sunbelt Securities Inc. acquired a new stake in shares of Kensington Hedged Premium Income ETF in the third quarter worth $402,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Kensington Hedged Premium Income ETF during the 3rd quarter worth $35,000.

Kensington Hedged Premium Income ETF Trading Down 0.4 %

NYSEARCA:KHPI 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 fifty day simple moving average is $25.23 and its 200 day simple 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.