Robertson Stephens Wealth Management LLC Trims Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Robertson Stephens Wealth Management LLC trimmed its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 5.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 224,888 shares of the company’s stock after selling 11,747 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $9,119,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $28,000. Hanson & Doremus Investment Management acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $28,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $32,000. Synergy Asset Management LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $38,000. Finally, First PREMIER Bank acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the third quarter valued at approximately $39,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE stock opened at $41.84 on Thursday. The stock has a market capitalization of $8.01 billion, a P/E ratio of 20.28 and a beta of 1.13. The company has a 50 day moving average price of $42.47 and a 200 day moving average price of $41.19. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $13.80 and a fifty-two week high of $17.80.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The firm 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.