REDW Wealth LLC Reduces Stock Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

REDW Wealth LLC decreased its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 28.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,815 shares of the company’s stock after selling 13,508 shares during the quarter. REDW Wealth LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,366,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Concurrent Investment Advisors LLC increased its position in Global X U.S. Infrastructure Development ETF by 9.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 13,732 shares of the company’s stock valued at $565,000 after buying an additional 1,171 shares in the last quarter. Assetmark Inc. raised its holdings in Global X U.S. Infrastructure Development ETF by 401.5% in the 3rd quarter. Assetmark Inc. now owns 1,359 shares of the company’s stock worth $56,000 after acquiring an additional 1,088 shares during the last quarter. Avid Wealth Partners LLC boosted its stake in Global X U.S. Infrastructure Development ETF by 12.4% during the 3rd quarter. Avid Wealth Partners LLC now owns 59,697 shares of the company’s stock valued at $2,457,000 after purchasing an additional 6,568 shares during the last quarter. Sigma Planning Corp increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 9.3% in the 3rd quarter. Sigma Planning Corp now owns 29,585 shares of the company’s stock worth $1,218,000 after purchasing an additional 2,527 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF by 1,243.3% in the third quarter. Axxcess Wealth Management LLC now owns 678,063 shares of the company’s stock worth $27,909,000 after purchasing an additional 627,585 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Down 6.2 %

PAVE opened at $38.87 on Monday. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of 23.20 and a beta of 1.25. The firm has a 50 day moving average price of $41.26 and a 200-day moving average price of $41.61. 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 business 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 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.