Concurrent Investment Advisors LLC Acquires 6,492 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Concurrent Investment Advisors LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 47.3% during the fourth quarter, Holdings Channel reports. The firm owned 20,224 shares of the company’s stock after acquiring an additional 6,492 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $817,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PAVE. MassMutual Private Wealth & Trust FSB bought a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $28,000. Hanson & Doremus Investment Management purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $28,000. Key Financial Inc raised its position in shares of Global X U.S. Infrastructure Development ETF by 613.2% in the 4th quarter. Key Financial Inc now owns 756 shares of the company’s stock worth $31,000 after acquiring an additional 650 shares in the last quarter. Trivant Custom Portfolio Group LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at approximately $32,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $38,000.

Global X U.S. Infrastructure Development ETF Stock Down 2.4 %

Shares of PAVE stock opened at $40.44 on Monday. The business’s fifty day moving average is $41.70 and its 200 day moving average is $41.50. The stock has a market cap of $7.74 billion, a price-to-earnings 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 announced a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were given 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.