Synergy Asset Management LLC Acquires New Shares in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Synergy Asset Management LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 4th quarter, HoldingsChannel.com reports. The fund bought 918 shares of the company’s stock, valued at approximately $38,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its holdings in Global X U.S. Infrastructure Development ETF by 37.1% in the 2nd quarter. NewEdge Advisors LLC now owns 77,603 shares of the company’s stock valued at $2,873,000 after purchasing an additional 20,980 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth $7,041,000. HBW Advisory Services LLC grew its stake in shares of Global X U.S. Infrastructure Development ETF by 132.0% in the third quarter. HBW Advisory Services LLC now owns 362,258 shares of the company’s stock valued at $14,911,000 after buying an additional 206,101 shares in the last quarter. Peoples Bank KS raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 114.3% in the 3rd quarter. Peoples Bank KS now owns 7,930 shares of the company’s stock valued at $326,000 after buying an additional 4,230 shares during the period. Finally, WealthBridge Capital Management LLC lifted its stake in Global X U.S. Infrastructure Development ETF by 23.6% during the 3rd quarter. WealthBridge Capital Management LLC now owns 44,958 shares of the company’s stock worth $1,850,000 after acquiring an additional 8,574 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

BATS PAVE opened at $42.31 on Friday. The company has a market cap of $8.10 billion, a P/E ratio of 20.28 and a beta of 1.13. The stock has a 50-day moving average of $42.70 and a two-hundred day moving average of $41.09. Global X U.S. Infrastructure Development ETF has a 1-year low of $13.80 and a 1-year high of $17.80.

Global X U.S. Infrastructure Development ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were issued 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.