Sovran Advisors LLC Buys New Shares in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Sovran Advisors LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 48,587 shares of the company’s stock, valued at approximately $2,014,000.

Several other institutional investors also recently bought and sold shares of the stock. Stonebridge Financial Group LLC purchased a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter worth $293,000. Clarus Group Inc. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 423.6% in the 4th quarter. Clarus Group Inc. now owns 191,659 shares of the company’s stock worth $7,745,000 after acquiring an additional 155,057 shares during the last quarter. Focus Financial Network Inc. raised its stake in Global X U.S. Infrastructure Development ETF by 2.5% during the fourth quarter. Focus Financial Network Inc. now owns 36,148 shares of the company’s stock worth $1,466,000 after purchasing an additional 875 shares during the period. Summit Trail Advisors LLC lifted its holdings in Global X U.S. Infrastructure Development ETF by 395.0% in the fourth quarter. Summit Trail Advisors LLC now owns 25,367 shares of the company’s stock valued at $1,029,000 after acquiring an additional 20,242 shares during the last quarter. Finally, Ocean Park Asset Management LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 434.1% during the 4th quarter. Ocean Park Asset Management LLC now owns 178,979 shares of the company’s stock worth $7,233,000 after purchasing an additional 145,467 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Up 1.6 %

PAVE opened at $42.11 on Tuesday. The business has a fifty day simple moving average of $42.24 and a 200-day simple moving average of $41.25. Global X U.S. Infrastructure Development ETF has a 52 week low of $13.80 and a 52 week high of $17.80. The firm has a market cap of $8.06 billion, a P/E ratio of 20.28 and a beta of 1.13.

Global X U.S. Infrastructure Development ETF Dividend Announcement

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

Global X U.S. Infrastructure Development ETF 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.