Archford Capital Strategies LLC Trims Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Archford Capital Strategies LLC reduced its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 24.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,775 shares of the company’s stock after selling 3,770 shares during the quarter. Archford Capital Strategies LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $476,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. EP Wealth Advisors LLC bought a new stake in Global X U.S. Infrastructure Development ETF during the third quarter worth about $31,003,000. Axxcess Wealth Management LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 1,243.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 678,063 shares of the company’s stock valued at $27,909,000 after buying an additional 627,585 shares in the last quarter. Bank of Montreal Can lifted its position in Global X U.S. Infrastructure Development ETF by 3.0% in the 3rd quarter. Bank of Montreal Can now owns 20,077,534 shares of the company’s stock worth $822,978,000 after buying an additional 586,418 shares during the last quarter. First Interstate Bank boosted 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 worth $45,663,000 after buying an additional 357,771 shares in the last quarter. Finally, Raymond James & Associates grew 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 acquiring an additional 305,548 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE opened at $43.67 on Monday. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $13.80 and a fifty-two week high of $17.80. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The firm has a 50 day moving average price of $42.86 and a 200-day moving average price of $40.99.

Global X U.S. Infrastructure Development ETF Announces Dividend

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

About Global X U.S. Infrastructure Development ETF

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.