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

Apollon Wealth Management LLC boosted its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 236.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 64,880 shares of the company’s stock after purchasing an additional 45,588 shares during the period. Apollon Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,622,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth $28,000. Hanson & Doremus Investment Management purchased a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at $28,000. Trivant Custom Portfolio Group LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter worth $32,000. Synergy Asset Management LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter worth about $38,000. Finally, Howe & Rusling Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at about $39,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE opened at $41.68 on Monday. The stock has a 50-day simple moving average of $42.24 and a 200-day simple moving average of $41.23. Global X U.S. Infrastructure Development ETF has a 1 year low of $13.80 and a 1 year high of $17.80. The stock has a market capitalization of $7.98 billion, a PE ratio of 20.28 and a beta of 1.13.

Global X U.S. Infrastructure Development ETF Dividend Announcement

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