Princeton Global Asset Management LLC Boosts Stock Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Princeton Global Asset Management LLC boosted its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 8.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 38,845 shares of the company’s stock after purchasing an additional 3,076 shares during the period. Princeton Global Asset Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,570,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PAVE. MassMutual Private Wealth & Trust FSB acquired a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at about $28,000. Hanson & Doremus Investment Management acquired a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $28,000. Trivant Custom Portfolio Group LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter worth approximately $32,000. Synergy Asset Management LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $38,000. Finally, First PREMIER Bank purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at approximately $39,000.

Global X U.S. Infrastructure Development ETF Trading Up 2.1 %

Shares of PAVE opened at $42.31 on Monday. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The firm’s fifty day simple moving average is $42.64 and its 200-day simple moving average is $41.13. 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 firm 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 of this dividend 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.