Moors & Cabot Inc. Takes $216,000 Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Moors & Cabot Inc. bought a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,354 shares of the company’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.0% in the third 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 in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Global X U.S. Infrastructure Development ETF by 24.6% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,418,750 shares of the company’s stock worth $300,890,000 after buying an additional 1,464,000 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Global X U.S. Infrastructure Development ETF by 40.0% during the fourth quarter. Principal Financial Group Inc. now owns 3,479,800 shares of the company’s stock worth $140,619,000 after buying an additional 994,800 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $84,168,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Global X U.S. Infrastructure Development ETF by 3.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,106,540 shares of the company’s stock worth $44,735,000 after buying an additional 32,939 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Trading Down 7.4 %

PAVE stock opened at $38.38 on Monday. The company has a market cap of $7.89 billion, a P/E ratio of 21.38 and a beta of 1.27. Global X U.S. Infrastructure Development ETF has a 52 week low of $13.80 and a 52 week high of $17.80. The company’s 50-day moving average price is $41.00 and its 200 day moving average price is $41.58.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The business 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 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.