FFT Wealth Management LLC Acquires New Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

FFT Wealth Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,998 shares of the company’s stock, valued at approximately $444,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PAVE. Bank of Montreal Can boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 3.0% in the third quarter. Bank of Montreal Can now owns 20,077,534 shares of the company’s stock valued at $822,978,000 after buying an additional 586,418 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Global X U.S. Infrastructure Development ETF by 40.0% in the fourth 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. First Interstate Bank boosted its position in shares of Global X U.S. Infrastructure Development ETF by 47.6% during the 3rd quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock worth $45,663,000 after purchasing an additional 357,771 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Global X U.S. Infrastructure Development ETF by 3.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,106,540 shares of the company’s stock worth $44,735,000 after purchasing an additional 32,939 shares during the period. Finally, Moss Adams Wealth Advisors LLC increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 1.0% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 975,698 shares of the company’s stock valued at $39,536,000 after purchasing an additional 10,056 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Down 3.6 %

Shares of BATS PAVE opened at $39.98 on Wednesday. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of 23.20 and a beta of 1.25. Global X U.S. Infrastructure Development ETF has a 52 week low of $13.80 and a 52 week high of $17.80. The firm has a 50-day moving average price of $41.59 and a 200 day moving average price of $41.54.

Global X U.S. Infrastructure Development ETF Announces Dividend

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