Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. lessened its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 28.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 38,061 shares of the company’s stock after selling 14,953 shares during the period. Congress Asset Management Co.’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,538,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PAVE. Aveo Capital Partners LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at $237,000. Nations Financial Group Inc. IA ADV grew its stake in shares of Global X U.S. Infrastructure Development ETF by 3.6% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 63,682 shares of the company’s stock valued at $2,573,000 after buying an additional 2,238 shares in the last quarter. MGB Wealth Management LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 4.3% during the fourth quarter. MGB Wealth Management LLC now owns 45,302 shares of the company’s stock valued at $1,831,000 after buying an additional 1,874 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 25.7% during the 4th quarter. Van ECK Associates Corp now owns 129,667 shares of the company’s stock worth $5,240,000 after buying an additional 26,484 shares during the period. Finally, Jmac Enterprises LLC grew its holdings in Global X U.S. Infrastructure Development ETF by 4.6% in the 4th quarter. Jmac Enterprises LLC now owns 287,858 shares of the company’s stock valued at $11,632,000 after buying an additional 12,542 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Trading Up 1.1 %

PAVE opened at $41.92 on Tuesday. The stock has a market cap of $8.03 billion, a PE ratio of 20.28 and a beta of 1.13. 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’s 50 day simple moving average is $41.91 and its 200-day simple moving average is $41.35.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The company also recently disclosed 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 of this dividend 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.