Global X U.S. Infrastructure Development ETF (BATS:PAVE) Stock Holdings Lessened by Powell Investment Advisors LLC

Powell Investment Advisors LLC trimmed its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 14.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 26,233 shares of the company’s stock after selling 4,586 shares during the quarter. Powell Investment Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,064,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Bank of Montreal Can lifted its position 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 worth $822,978,000 after purchasing an additional 586,418 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Global X U.S. Infrastructure Development ETF by 19.9% during the third quarter. Commonwealth Equity Services LLC now owns 1,386,938 shares of the company’s stock valued at $57,086,000 after acquiring an additional 229,948 shares in the last quarter. First Interstate Bank raised its position in Global X U.S. Infrastructure Development ETF by 47.6% during the third quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock valued at $45,663,000 after acquiring an additional 357,771 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Global X U.S. Infrastructure Development ETF by 3.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,106,540 shares of the company’s stock valued at $44,735,000 after acquiring an additional 32,939 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC raised its position in Global X U.S. Infrastructure Development ETF by 1.0% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 975,698 shares of the company’s stock valued at $39,536,000 after acquiring an additional 10,056 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE opened at $41.68 on Monday. The firm has a market cap of $7.98 billion, a PE ratio of 20.28 and a beta of 1.13. The firm’s 50 day moving average price is $42.24 and its 200 day moving average price is $41.23. 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 Dividend Announcement

The company also recently declared 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 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.