MGB Wealth Management LLC Raises Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

MGB Wealth Management LLC increased its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,302 shares of the company’s stock after purchasing an additional 1,874 shares during the quarter. MGB Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,831,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB acquired a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $28,000. Hanson & Doremus Investment Management purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at approximately $28,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $32,000. Synergy Asset Management LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth $38,000. Finally, Howe & Rusling Inc. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth $39,000.

Global X U.S. Infrastructure Development ETF Price Performance

BATS:PAVE opened at $41.54 on Thursday. Global X U.S. Infrastructure Development ETF has a 12 month low of $13.80 and a 12 month high of $17.80. The firm has a market capitalization of $7.96 billion, a PE ratio of 20.28 and a beta of 1.13. The business’s fifty day moving average price is $42.11 and its 200 day moving average price is $41.30.

Global X U.S. Infrastructure Development ETF Dividend Announcement

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