Investment Partners Asset Management Inc. Sells 362 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Investment Partners Asset Management Inc. lessened its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,331 shares of the company’s stock after selling 362 shares during the period. Investment Partners Asset Management Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $458,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the 3rd quarter worth approximately $31,003,000. Axxcess Wealth Management LLC grew its position in 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 acquiring an additional 627,585 shares in the last quarter. Bank of Montreal Can increased its stake in Global X U.S. Infrastructure Development ETF by 3.0% in the third quarter. Bank of Montreal Can now owns 20,077,534 shares of the company’s stock valued at $822,978,000 after acquiring an additional 586,418 shares during the last quarter. First Interstate Bank increased its stake in Global X U.S. Infrastructure Development ETF by 47.6% in the third quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock valued at $45,663,000 after acquiring an additional 357,771 shares during the last quarter. Finally, Raymond James & Associates raised its position in Global X U.S. Infrastructure Development ETF by 64.3% during the third quarter. Raymond James & Associates now owns 781,038 shares of the company’s stock valued at $32,148,000 after purchasing an additional 305,548 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 0.2 %

Shares of PAVE stock opened at $41.54 on Thursday. The firm has a market cap of $7.96 billion, a P/E ratio of 20.28 and a beta of 1.13. The business has a 50-day moving average price of $42.03 and a two-hundred day moving average price of $41.30. Global X U.S. Infrastructure Development ETF has a 12-month low of $13.80 and a 12-month high of $17.80.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were paid a dividend of $0.1394 per share. The ex-dividend date 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.