Pinnacle Wealth Management Group Inc. Sells 1,803 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Pinnacle Wealth Management Group Inc. lessened its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 11.5% in the fourth quarter, HoldingsChannel reports. The fund owned 13,846 shares of the company’s stock after selling 1,803 shares during the quarter. Pinnacle Wealth Management Group Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $560,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First PREMIER Bank bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter worth $39,000. Howe & Rusling Inc. acquired a new position in Global X U.S. Infrastructure Development ETF during the third quarter worth $39,000. Clear Point Advisors Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF in the second quarter valued at $40,000. Assetmark Inc. grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 401.5% during the third quarter. Assetmark Inc. now owns 1,359 shares of the company’s stock valued at $56,000 after buying an additional 1,088 shares during the last quarter. Finally, Main Management LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth about $59,000.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE opened at $40.58 on Tuesday. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $13.80 and a fifty-two week high of $17.80. The firm has a market capitalization of $7.77 billion, a PE ratio of 20.28 and a beta of 1.13. The company’s 50-day moving average is $43.17 and its 200 day moving average is $40.63.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were paid 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.