Farther Finance Advisors LLC Decreases Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Farther Finance Advisors LLC lowered its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 12.3% in the fourth quarter, Holdings Channel reports. The fund owned 29,990 shares of the company’s stock after selling 4,211 shares during the period. Farther Finance Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,212,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PAVE. Assetmark Inc. lifted its stake in Global X U.S. Infrastructure Development ETF by 401.5% in the third 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. Apollon Wealth Management LLC lifted its stake in Global X U.S. Infrastructure Development ETF by 82.7% in the third quarter. Apollon Wealth Management LLC now owns 19,292 shares of the company’s stock worth $794,000 after acquiring an additional 8,735 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its stake in Global X U.S. Infrastructure Development ETF by 13.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 9,093 shares of the company’s stock worth $374,000 after acquiring an additional 1,108 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 3.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 98,611 shares of the company’s stock worth $4,059,000 after buying an additional 3,492 shares during the last quarter. Finally, Caprock Group LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 42.9% during the 3rd quarter. Caprock Group LLC now owns 16,715 shares of the company’s stock worth $688,000 after buying an additional 5,022 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Trading Down 10.1 %

Shares of BATS:PAVE opened at $37.27 on Friday. The company has a market capitalization of $7.81 billion, a PE ratio of 23.20 and a beta of 1.25. Global X U.S. Infrastructure Development ETF has a twelve month low of $13.80 and a twelve month high of $17.80. The firm has a 50 day simple moving average of $41.04 and a 200-day simple moving average of $41.54.

Global X U.S. Infrastructure Development ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were given a $0.1394 dividend. 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.