Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Sold by KWB Wealth

KWB Wealth reduced its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 22.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 44,440 shares of the company’s stock after selling 13,193 shares during the period. KWB Wealth’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,829,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First PREMIER Bank purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at $39,000. Howe & Rusling Inc. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at about $39,000. Clear Point Advisors Inc. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at about $40,000. Assetmark Inc. boosted its position in shares of Global X U.S. Infrastructure Development ETF by 401.5% in the 3rd quarter. Assetmark Inc. now owns 1,359 shares of the company’s stock valued at $56,000 after purchasing an additional 1,088 shares during the period. Finally, Main Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the 3rd quarter worth approximately $59,000.

Global X U.S. Infrastructure Development ETF Stock Up 1.3 %

PAVE opened at $40.58 on Tuesday. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 52 week low of $13.80 and a 52 week high of $17.80. The business’s 50 day moving average is $43.17 and its two-hundred day moving average is $40.63.

Global X U.S. Infrastructure Development ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were given a $0.1394 dividend. The ex-dividend date was Monday, December 30th.

Global X U.S. Infrastructure Development ETF Company Profile

The Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of US-listed companies that derive the majority of their revenue from or have a stated business purpose related to infrastructure development.