Investors Research Corp Acquires 19,302 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Investors Research Corp grew its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 27.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 90,922 shares of the company’s stock after buying an additional 19,302 shares during the quarter. Global X U.S. Infrastructure Development ETF comprises about 0.8% of Investors Research Corp’s investment portfolio, making the stock its 25th largest position. Investors Research Corp’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PAVE. Raymond James Financial Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at about $84,168,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Global X U.S. Infrastructure Development ETF by 24.6% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,418,750 shares of the company’s stock worth $300,890,000 after buying an additional 1,464,000 shares in the last quarter. Principal Financial Group Inc. raised its stake in Global X U.S. Infrastructure Development ETF by 40.0% in the fourth quarter. Principal Financial Group Inc. now owns 3,479,800 shares of the company’s stock worth $140,619,000 after buying an additional 994,800 shares in the last quarter. EP Wealth Advisors LLC bought a new position in Global X U.S. Infrastructure Development ETF in the third quarter worth about $31,003,000. Finally, Axxcess Wealth Management LLC raised its stake 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 buying an additional 627,585 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE stock opened at $38.87 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 company has a market cap of $8.15 billion, a P/E ratio of 23.20 and a beta of 1.25. The firm has a 50-day moving average of $41.26 and a 200 day moving average of $41.61.

Global X U.S. Infrastructure Development ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were paid a $0.1394 dividend. 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.