Commonwealth Equity Services LLC Has $57.97 Million Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Commonwealth Equity Services LLC raised its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.4% in the 4th quarter, HoldingsChannel reports. The firm owned 1,434,537 shares of the company’s stock after purchasing an additional 47,599 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $57,970,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of PAVE. MassMutual Private Wealth & Trust FSB bought a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $28,000. Hanson & Doremus Investment Management bought a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $28,000. Sofi Wealth LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth approximately $28,000. Key Financial Inc grew its stake in shares of Global X U.S. Infrastructure Development ETF by 613.2% during the fourth quarter. Key Financial Inc now owns 756 shares of the company’s stock valued at $31,000 after purchasing an additional 650 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $32,000.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE stock opened at $37.27 on Friday. The company has a 50 day moving average price of $41.04 and a 200 day moving average price of $41.54. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $13.80 and a fifty-two week high of $17.80. The stock 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 Announces Dividend

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 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.