Cascade Investment Group Inc. Sells 2,054 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Posted by Bonnie Powley on Jan 20th, 2025

Cascade Investment Group Inc. lowered its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 20.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,189 shares of the company’s stock after selling 2,054 shares during the quarter. Cascade Investment Group Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $331,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trivant Custom Portfolio Group LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $32,000. First PREMIER Bank acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth about $39,000. Howe & Rusling Inc. acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth approximately $39,000. Clear Point Advisors Inc. bought a new stake in Global X U.S. Infrastructure Development ETF during the second quarter worth $40,000. Finally, Assetmark Inc. lifted its stake in Global X U.S. Infrastructure Development ETF by 401.5% in the 3rd quarter. Assetmark Inc. now owns 1,359 shares of the company’s stock valued at $56,000 after purchasing an additional 1,088 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Trading Up 3.5 %

Shares of BATS PAVE opened at $42.90 on Monday. Global X U.S. Infrastructure Development ETF has a 12 month low of $13.80 and a 12 month high of $17.80. The company has a market capitalization of $8.22 billion, a P/E ratio of 20.28 and a beta of 1.13. The stock has a 50 day moving average of $42.96 and a 200-day moving average of $40.78.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, January 7th. Investors 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 Profile

(Free Report)

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.