Paladin Advisory Group LLC Trims Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Paladin Advisory Group LLC trimmed its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 76,637 shares of the company’s stock after selling 391 shares during the quarter. Global X U.S. Infrastructure Development ETF comprises approximately 2.4% of Paladin Advisory Group LLC’s holdings, making the stock its 12th largest holding. Paladin Advisory Group LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,097,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PAVE. Bank of Montreal Can raised its position in Global X U.S. Infrastructure Development ETF by 3.0% during the third quarter. Bank of Montreal Can now owns 20,077,534 shares of the company’s stock valued at $822,978,000 after acquiring an additional 586,418 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 19.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,386,938 shares of the company’s stock valued at $57,086,000 after purchasing an additional 229,948 shares in the last quarter. First Interstate Bank lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 47.6% in the 3rd quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock valued at $45,663,000 after purchasing an additional 357,771 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Global X U.S. Infrastructure Development ETF by 30.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,073,601 shares of the company’s stock worth $44,007,000 after buying an additional 247,941 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC grew its position in Global X U.S. Infrastructure Development ETF by 1.0% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 975,698 shares of the company’s stock valued at $39,536,000 after buying an additional 10,056 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Up 2.3 %

PAVE traded up $0.96 on Wednesday, reaching $42.41. The stock had a trading volume of 4,220,023 shares. The business’s 50-day moving average price is $42.78 and its two-hundred day moving average price is $41.08. The company has a market cap of $8.12 billion, a P/E ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 12-month low of $13.80 and a 12-month high of $17.80.

Global X U.S. Infrastructure Development ETF Announces Dividend

The firm also recently declared 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.