Sierra Ocean LLC Buys Shares of 6,231 Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Sierra Ocean LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,231 shares of the company’s stock, valued at approximately $252,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PAVE. EP Wealth Advisors LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the third quarter worth about $31,003,000. Axxcess Wealth Management LLC boosted its holdings 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 buying an additional 627,585 shares during the last quarter. Bank of Montreal Can grew its position in Global X U.S. Infrastructure Development ETF by 3.0% during the third quarter. Bank of Montreal Can now owns 20,077,534 shares of the company’s stock valued at $822,978,000 after buying an additional 586,418 shares during the period. First Interstate Bank increased its holdings in Global X U.S. Infrastructure Development ETF by 47.6% during the third quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock valued at $45,663,000 after buying an additional 357,771 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 64.3% during the 3rd quarter. Raymond James & Associates now owns 781,038 shares of the company’s stock worth $32,148,000 after acquiring an additional 305,548 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock opened at $41.92 on Monday. Global X U.S. Infrastructure Development ETF has a 1 year low of $13.80 and a 1 year high of $17.80. The firm has a fifty day moving average price of $41.91 and a 200-day moving average price of $41.34. The company has a market cap of $8.03 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13.

Global X U.S. Infrastructure Development ETF Dividend Announcement

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