PFG Advisors Raises Stock Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

PFG Advisors raised its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 11.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 71,027 shares of the company’s stock after buying an additional 7,109 shares during the quarter. PFG Advisors’ holdings in Global X U.S. Infrastructure Development ETF were worth $2,870,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Moors & Cabot Inc. purchased a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $216,000. Prosperity Financial Group Inc. increased its holdings in Global X U.S. Infrastructure Development ETF by 120.5% in the fourth quarter. Prosperity Financial Group Inc. now owns 45,278 shares of the company’s stock valued at $1,830,000 after buying an additional 24,746 shares in the last quarter. Cascade Financial Partners LLC increased its holdings in Global X U.S. Infrastructure Development ETF by 0.9% in the fourth quarter. Cascade Financial Partners LLC now owns 29,815 shares of the company’s stock valued at $1,205,000 after buying an additional 262 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in Global X U.S. Infrastructure Development ETF by 12.4% in the fourth quarter. Citizens Financial Group Inc. RI now owns 20,747 shares of the company’s stock valued at $838,000 after buying an additional 2,292 shares in the last quarter. Finally, Investors Research Corp increased its stake in shares of Global X U.S. Infrastructure Development ETF by 27.0% during the 4th quarter. Investors Research Corp now owns 90,922 shares of the company’s stock worth $3,674,000 after purchasing an additional 19,302 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE opened at $37.98 on Thursday. The firm has a 50 day simple moving average of $41.10 and a 200-day simple moving average of $41.57. Global X U.S. Infrastructure Development ETF has a 1-year low of $13.80 and a 1-year high of $17.80. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 23.20 and a beta of 1.25.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were paid a dividend of $0.1394 per share. 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.