Global X U.S. Infrastructure Development ETF (BATS:PAVE) Position Increased by Ellis Investment Partners LLC

Ellis Investment Partners LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,995 shares of the company’s stock after purchasing an additional 1,621 shares during the period. Ellis Investment Partners LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,010,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bank of Montreal Can increased its stake 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 purchasing an additional 586,418 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Global X U.S. Infrastructure Development ETF by 19.9% during the third quarter. Commonwealth Equity Services LLC now owns 1,386,938 shares of the company’s stock valued at $57,086,000 after purchasing an additional 229,948 shares during the last quarter. First Interstate Bank increased its stake 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 purchasing an additional 357,771 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Global X U.S. Infrastructure Development ETF by 3.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,106,540 shares of the company’s stock valued at $44,735,000 after purchasing an additional 32,939 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC increased its stake in Global X U.S. Infrastructure Development ETF by 1.0% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 975,698 shares of the company’s stock valued at $39,536,000 after purchasing an additional 10,056 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE stock opened at $41.92 on Friday. The firm has a fifty day moving average price of $41.91 and a two-hundred day moving average price of $41.32. The firm 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 has a 1-year low of $13.80 and a 1-year high of $17.80.

Global X U.S. Infrastructure Development ETF Dividend Announcement

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