Meridian Wealth Management LLC Reduces Stock Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Meridian Wealth Management LLC trimmed its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,497 shares of the company’s stock after selling 963 shares during the period. Meridian Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,253,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 3.0% in the 3rd quarter. Bank of Montreal Can now owns 20,077,534 shares of the company’s stock worth $822,978,000 after purchasing an additional 586,418 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its holdings in Global X U.S. Infrastructure Development ETF by 24.6% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,418,750 shares of the company’s stock valued at $300,890,000 after buying an additional 1,464,000 shares during the last quarter. Principal Financial Group Inc. raised its position in Global X U.S. Infrastructure Development ETF by 40.0% in the fourth quarter. Principal Financial Group Inc. now owns 3,479,800 shares of the company’s stock worth $140,619,000 after acquiring an additional 994,800 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 3.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,106,540 shares of the company’s stock worth $44,735,000 after acquiring an additional 32,939 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 1.0% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 975,698 shares of the company’s stock valued at $39,536,000 after acquiring an additional 10,056 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

BATS:PAVE opened at $39.07 on Tuesday. Global X U.S. Infrastructure Development ETF has a one year low of $13.80 and a one year high of $17.80. The business has a fifty day moving average price of $41.47 and a 200-day moving average price of $41.60. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 23.20 and a beta of 1.25.

Global X U.S. Infrastructure Development ETF Announces Dividend

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.