Diversified Enterprises LLC Trims Stock Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Diversified Enterprises LLC lowered its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 2.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 11,537 shares of the company’s stock after selling 334 shares during the period. Diversified Enterprises LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $466,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter valued at about $84,168,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Global X U.S. Infrastructure Development ETF by 24.6% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,418,750 shares of the company’s stock valued at $300,890,000 after acquiring an additional 1,464,000 shares during the period. Principal Financial Group Inc. grew its position in shares of Global X U.S. Infrastructure Development ETF by 40.0% during the 4th quarter. Principal Financial Group Inc. now owns 3,479,800 shares of the company’s stock valued at $140,619,000 after acquiring an additional 994,800 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at about $31,003,000. Finally, Bank of Montreal Can boosted its holdings in 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 buying an additional 586,418 shares during the last quarter.

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

PAVE stock opened at $38.38 on Friday. Global X U.S. Infrastructure Development ETF has a 12-month low of $13.80 and a 12-month high of $17.80. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 21.38 and a beta of 1.27. The business’s 50-day moving average is $41.00 and its 200 day moving average is $41.56.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were issued a $0.1394 dividend. The ex-dividend date was Monday, December 30th.

About Global X U.S. Infrastructure Development ETF

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.