Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Acquired by Pecaut & CO.

Pecaut & CO. increased its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 194,141 shares of the company’s stock after acquiring an additional 9,138 shares during the period. Global X U.S. Infrastructure Development ETF makes up about 2.7% of Pecaut & CO.’s investment portfolio, making the stock its 11th largest position. Pecaut & CO.’s holdings in Global X U.S. Infrastructure Development ETF were worth $7,845,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PAVE. MassMutual Private Wealth & Trust FSB acquired a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $28,000. Hanson & Doremus Investment Management purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $28,000. Sofi Wealth LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $28,000. Key Financial Inc raised its holdings in Global X U.S. Infrastructure Development ETF by 613.2% during the fourth quarter. Key Financial Inc now owns 756 shares of the company’s stock worth $31,000 after purchasing an additional 650 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $32,000.

Global X U.S. Infrastructure Development ETF Trading Down 6.6 %

BATS PAVE opened at $38.71 on Friday. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 21.38 and a beta of 1.27. The business’s 50 day moving average is $40.84 and its two-hundred day moving average is $41.53. Global X U.S. Infrastructure Development ETF has a 12-month low of $35.72 and a 12-month high of $46.18.

Global X U.S. Infrastructure Development ETF Announces Dividend

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