Moors & Cabot Inc. Makes New Investment in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Moors & Cabot Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,354 shares of the company’s stock, valued at approximately $216,000.

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

Global X U.S. Infrastructure Development ETF Price Performance

BATS:PAVE opened at $38.38 on Monday. The firm has a 50 day simple moving average of $41.00 and a 200-day simple moving average of $41.58. The firm has a market cap of $7.89 billion, a PE ratio of 21.38 and a beta of 1.27. Global X U.S. Infrastructure Development ETF has a 1-year low of $13.80 and a 1-year high of $17.80.

Global X U.S. Infrastructure Development ETF Announces Dividend

The company also recently disclosed 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.

About Global X U.S. Infrastructure Development ETF

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.