Kickstand Ventures LLC. Sells 17,671 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Kickstand Ventures LLC. cut its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 10.9% during the fourth quarter, HoldingsChannel reports. The firm owned 144,627 shares of the company’s stock after selling 17,671 shares during the period. Global X U.S. Infrastructure Development ETF comprises 1.5% of Kickstand Ventures LLC.’s investment portfolio, making the stock its 16th biggest position. Kickstand Ventures LLC.’s holdings in Global X U.S. Infrastructure Development ETF were worth $5,844,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PAVE. MassMutual Private Wealth & Trust FSB bought a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $28,000. Hanson & Doremus Investment Management bought a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at about $28,000. Trivant Custom Portfolio Group LLC bought a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at about $32,000. Synergy Asset Management LLC bought a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at about $38,000. Finally, Howe & Rusling Inc. bought a new position in Global X U.S. Infrastructure Development ETF during the third quarter valued at about $39,000.

Global X U.S. Infrastructure Development ETF Stock Up 0.2 %

Shares of PAVE opened at $41.54 on Thursday. Global X U.S. Infrastructure Development ETF has a 12-month low of $13.80 and a 12-month high of $17.80. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The stock’s 50-day moving average price is $42.11 and its 200 day moving average price is $41.30.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were paid a dividend of $0.1394 per share. The ex-dividend date 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.