Avondale Wealth Management Cuts Stock Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Avondale Wealth Management decreased its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 22.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,308 shares of the company’s stock after selling 1,850 shares during the quarter. Avondale Wealth Management’s holdings in Global X U.S. Infrastructure Development ETF were worth $255,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can raised its holdings in Global X U.S. Infrastructure Development ETF by 11.0% in the 2nd quarter. Bank of Montreal Can now owns 19,491,116 shares of the company’s stock worth $726,044,000 after acquiring an additional 1,928,517 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter worth $31,003,000. Axxcess Wealth Management LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF by 1,243.3% in the third quarter. Axxcess Wealth Management LLC now owns 678,063 shares of the company’s stock worth $27,909,000 after purchasing an additional 627,585 shares during the last quarter. Evergreen Capital Management LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the second quarter valued at $15,437,000. Finally, First Interstate Bank boosted its position in shares of Global X U.S. Infrastructure Development ETF by 47.6% during the third quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock valued at $45,663,000 after buying an additional 357,771 shares during the last quarter.

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

BATS:PAVE traded up $0.08 during mid-day trading on Friday, reaching $40.61. The company’s stock had a trading volume of 1,251,228 shares. The stock has a market cap of $7.78 billion, a P/E ratio of 20.28 and a beta of 1.13. The firm’s fifty day moving average price is $43.20 and its two-hundred day moving average price is $40.54. Global X U.S. Infrastructure Development ETF has a 12-month low of $13.80 and a 12-month high of $17.80.

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 given 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.