Econ Financial Services Corp Invests $1.21 Million in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Econ Financial Services Corp acquired a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 29,934 shares of the company’s stock, valued at approximately $1,210,000.

Several other hedge funds have also recently added to or reduced their stakes in PAVE. Avior Wealth Management LLC increased its position in Global X U.S. Infrastructure Development ETF by 3.9% during the 3rd quarter. Avior Wealth Management LLC now owns 6,848 shares of the company’s stock worth $282,000 after purchasing an additional 254 shares in the last quarter. Richardson Capital Management LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 8.3% during the third quarter. Richardson Capital Management LLC now owns 4,276 shares of the company’s stock worth $176,000 after buying an additional 326 shares in the last quarter. Diversify Advisory Services LLC raised its position in shares of Global X U.S. Infrastructure Development ETF by 1.5% in the fourth quarter. Diversify Advisory Services LLC now owns 26,160 shares of the company’s stock valued at $1,048,000 after buying an additional 380 shares during the last quarter. Tandem Capital Management Corp ADV lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 2.6% during the fourth quarter. Tandem Capital Management Corp ADV now owns 16,070 shares of the company’s stock valued at $649,000 after buying an additional 400 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its position in Global X U.S. Infrastructure Development ETF by 5.6% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 7,582 shares of the company’s stock worth $306,000 after acquiring an additional 403 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

PAVE stock opened at $41.74 on Wednesday. The company has a 50 day moving average price of $42.47 and a two-hundred day moving average price of $41.19. The stock has a market capitalization of $7.99 billion, a P/E ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a one year low of $13.80 and a one year 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. Investors of record on Monday, December 30th were paid a $0.1394 dividend. The ex-dividend date 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.