Koa Wealth Management LLC Sells 2,968 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Koa Wealth Management LLC reduced its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 8.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,755 shares of the company’s stock after selling 2,968 shares during the quarter. Koa Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,324,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of PAVE. MassMutual Private Wealth & Trust FSB bought a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $28,000. Hanson & Doremus Investment Management acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at about $28,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $32,000. Synergy Asset Management LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $38,000. Finally, First PREMIER Bank acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth about $39,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of Global X U.S. Infrastructure Development ETF stock opened at $42.64 on Friday. The firm has a market cap of $8.17 billion, a PE ratio of 20.28 and a beta of 1.13. The business’s 50 day simple moving average is $42.74 and its 200 day simple moving average is $41.08. Global X U.S. Infrastructure Development ETF has a 52-week low of $13.80 and a 52-week high of $17.80.

Global X U.S. Infrastructure Development ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, January 7th. Stockholders 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 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.