EverSource Wealth Advisors LLC Boosts Stock Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

EverSource Wealth Advisors LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 24.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,961 shares of the company’s stock after buying an additional 2,514 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $524,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Sofi Wealth LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter worth about $28,000. MassMutual Private Wealth & Trust FSB bought a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at about $28,000. Hanson & Doremus Investment Management purchased a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $28,000. Key Financial Inc lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 613.2% in the fourth quarter. Key Financial Inc now owns 756 shares of the company’s stock worth $31,000 after buying an additional 650 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $32,000.

Global X U.S. Infrastructure Development ETF Stock Down 7.4 %

Shares of BATS PAVE opened at $38.38 on Friday. The firm has a market cap of $7.89 billion, a P/E ratio of 21.38 and a beta of 1.27. Global X U.S. Infrastructure Development ETF has a twelve month low of $13.80 and a twelve month high of $17.80. The company has a 50 day moving average of $41.00 and a 200 day moving average of $41.54.

Global X U.S. Infrastructure Development ETF Dividend Announcement

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