Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lessened its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,427 shares of the company’s stock after selling 1,312 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $745,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PAVE. Raymond James Financial Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter worth $84,168,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Global X U.S. Infrastructure Development ETF by 24.6% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,418,750 shares of the company’s stock valued at $300,890,000 after acquiring an additional 1,464,000 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Global X U.S. Infrastructure Development ETF by 40.0% during the 4th 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 last quarter. EP Wealth Advisors LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at about $31,003,000. Finally, Bank of Montreal Can boosted its position in shares of Global X U.S. Infrastructure Development ETF by 3.0% during the 3rd 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 during the last quarter.

Global X U.S. Infrastructure Development ETF Trading Down 7.4 %

Shares of PAVE stock opened at $38.38 on Monday. The company’s 50-day moving average price is $41.00 and its 200-day moving average price is $41.58. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 21.38 and a beta of 1.27. Global X U.S. Infrastructure Development ETF has a twelve month low of $13.80 and a twelve month high of $17.80.

Global X U.S. Infrastructure Development ETF Announces Dividend

The company 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.

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.