5 Best Infrastructure ETFs

4. Bny Mellon Global Infrastructure Income ETF (BATS:BKGI)

5-Year Performance as of September 25: 6.96%

The Bny Mellon Global Infrastructure Income ETF (BATS:BKGI) provides a distinctive approach to investing in infrastructure. It focuses on a wide range of infrastructure assets, both traditional and non-traditional, creating a broader investment opportunity within the infrastructure sector. The fund was launched on November 2, 2022, and as of August 31, 2023, it holds a portfolio of 31 stocks. As of September 25, 2023, the ETF has net assets amounting to nearly $15 million, and its expense ratio is 0.65%.

ONEOK, Inc. (NYSE:OKE) is one of the largest holdings of the Bny Mellon Global Infrastructure Income ETF (BATS:BKGI). ONEOK, Inc. (NYSE:OKE) is involved in different aspects of the natural gas and natural gas liquids business in the United States. This includes activities like collecting, processing, separating, storing, moving, and promoting natural gas and NGLs. They divide their operations into three segments – Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.

According to Insider Monkey’s second quarter database, 35 hedge funds were bullish on ONEOK, Inc. (NYSE:OKE), compared to 33 funds in the preceding quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP is the largest position holder in the company, with 2.3 million shares valued at $140.8 million.

Here is what Miller Howard Investments has to say about ONEOK, Inc. (NYSE:OKE) in its Q3 2021 investor letter:

“In late August, we increased the portfolio’s cyclical exposure by trimming utilities after a period of relative outperformance and reallocating the capital to midstream energy, which had pulled back over the summer. We added ONEOK Inc. (OKE) with the expectation that it will benefit from increasing natural gas and natural gas liquids (NGL) recovery in the Bakken region.”