MRA Advisory Group Takes Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Posted by Tyrone Williams on Jan 14th, 2025

MRA Advisory Group purchased a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) in the fourth quarter, Holdings Channel reports. The fund purchased 77,411 shares of the company’s stock, valued at approximately $3,128,000. Global X U.S. Infrastructure Development ETF accounts for approximately 1.7% of MRA Advisory Group’s portfolio, making the stock its 18th biggest position.

Several other institutional investors have also made changes to their positions in PAVE. First PREMIER Bank purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth about $39,000. Howe & Rusling Inc. acquired a new position in Global X U.S. Infrastructure Development ETF in the third quarter worth approximately $39,000. Clear Point Advisors Inc. bought a new position in Global X U.S. Infrastructure Development ETF during the second quarter valued at approximately $40,000. Assetmark Inc. lifted its stake in Global X U.S. Infrastructure Development ETF by 401.5% in the third quarter. Assetmark Inc. now owns 1,359 shares of the company’s stock valued at $56,000 after acquiring an additional 1,088 shares during the last quarter. Finally, Main Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the third quarter valued at approximately $59,000.

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

Shares of 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. The company’s fifty day moving average is $43.17 and its 200-day moving average is $40.63. Global X U.S. Infrastructure Development ETF has a 12 month low of $13.80 and a 12 month high of $17.80.

Global X U.S. Infrastructure Development ETF Dividend Announcement

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

Global X U.S. Infrastructure Development ETF Profile

(Free Report)

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.