Avid Wealth Partners LLC Cuts Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Avid Wealth Partners LLC reduced its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 12.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,066 shares of the company’s stock after selling 7,631 shares during the quarter. Global X U.S. Infrastructure Development ETF makes up 1.5% of Avid Wealth Partners LLC’s holdings, making the stock its 18th largest position. Avid Wealth Partners LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Insight Advisors LLC PA boosted its position in shares of Global X U.S. Infrastructure Development ETF by 2.7% in the 4th quarter. Insight Advisors LLC PA now owns 28,335 shares of the company’s stock worth $1,145,000 after purchasing an additional 752 shares in the last quarter. Crewe Advisors LLC raised its stake in Global X U.S. Infrastructure Development ETF by 17.4% in the fourth quarter. Crewe Advisors LLC now owns 1,976 shares of the company’s stock valued at $80,000 after buying an additional 293 shares during the last quarter. Econ Financial Services Corp acquired a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $1,210,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of 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 worth $44,735,000 after acquiring an additional 32,939 shares during the last quarter. Finally, Y.D. More Investments Ltd raised its position in shares of Global X U.S. Infrastructure Development ETF by 21.1% in the 4th quarter. Y.D. More Investments Ltd now owns 55,887 shares of the company’s stock valued at $2,258,000 after purchasing an additional 9,719 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 0.9 %

PAVE stock opened at $41.84 on Thursday. Global X U.S. Infrastructure Development ETF has a 52 week low of $13.80 and a 52 week high of $17.80. The stock has a market capitalization of $8.01 billion, a PE ratio of 20.28 and a beta of 1.13. The firm has a 50 day moving average of $42.47 and a 200 day moving average of $41.19.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, January 7th. Stockholders 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

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.