Clarus Group Inc. Grows Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Clarus Group Inc. increased its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 423.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 191,659 shares of the company’s stock after purchasing an additional 155,057 shares during the quarter. Global X U.S. Infrastructure Development ETF accounts for 2.8% of Clarus Group Inc.’s holdings, making the stock its 10th biggest holding. Clarus Group Inc. owned approximately 0.10% of Global X U.S. Infrastructure Development ETF worth $7,745,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of PAVE. EP Wealth Advisors LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at $31,003,000. Axxcess Wealth Management LLC boosted its holdings in Global X U.S. Infrastructure Development ETF by 1,243.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 678,063 shares of the company’s stock valued at $27,909,000 after acquiring an additional 627,585 shares during the period. Bank of Montreal Can boosted its holdings in Global X U.S. Infrastructure Development ETF by 3.0% during the 3rd quarter. Bank of Montreal Can now owns 20,077,534 shares of the company’s stock valued at $822,978,000 after acquiring an additional 586,418 shares during the period. First Interstate Bank boosted its holdings in Global X U.S. Infrastructure Development ETF by 47.6% during the 3rd quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock valued at $45,663,000 after acquiring an additional 357,771 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 64.3% in the 3rd quarter. Raymond James & Associates now owns 781,038 shares of the company’s stock worth $32,148,000 after buying an additional 305,548 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Up 1.6 %

Shares of PAVE stock opened at $42.11 on Tuesday. Global X U.S. Infrastructure Development ETF has a twelve month low of $13.80 and a twelve month high of $17.80. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The stock has a fifty day simple moving average of $42.24 and a two-hundred day simple moving average of $41.25.

Global X U.S. Infrastructure Development ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were issued 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.