Harel Insurance Investments & Financial Services Ltd. Raises Stock Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Harel Insurance Investments & Financial Services Ltd. grew its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 0.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,834,131 shares of the company’s stock after buying an additional 330 shares during the period. Global X U.S. Infrastructure Development ETF makes up 4.5% of Harel Insurance Investments & Financial Services Ltd.’s portfolio, making the stock its 5th largest position. Harel Insurance Investments & Financial Services Ltd. owned approximately 3.57% of Global X U.S. Infrastructure Development ETF worth $276,882,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Bank of Montreal Can boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.0% in the third quarter. Bank of Montreal Can now owns 20,077,534 shares of the company’s stock valued at $822,978,000 after buying an additional 586,418 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Global X U.S. Infrastructure Development ETF by 14.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,610,146 shares of the company’s stock worth $59,608,000 after buying an additional 198,255 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of 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 worth $57,086,000 after buying an additional 229,948 shares in the last quarter. First Interstate Bank raised its position in Global X U.S. Infrastructure Development ETF by 47.6% in the 3rd quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock valued at $45,663,000 after buying an additional 357,771 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Global X U.S. Infrastructure Development ETF by 30.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,073,601 shares of the company’s stock valued at $44,007,000 after acquiring an additional 247,941 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 5.4 %

Shares of PAVE opened at $43.67 on Friday. The company has a 50 day moving average of $42.87 and a 200-day moving average of $40.89. The stock has a market capitalization of $8.36 billion, a P/E ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a twelve month low of $13.80 and a twelve month high of $17.80.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were given a dividend of $0.1394 per share. 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.