New England Private Wealth Advisors LLC Reduces Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

New England Private Wealth Advisors LLC reduced its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,417 shares of the company’s stock after selling 269 shares during the quarter. Global X U.S. Infrastructure Development ETF accounts for approximately 1.3% of New England Private Wealth Advisors LLC’s holdings, making the stock its 27th biggest holding. New England Private Wealth Advisors LLC owned approximately 0.11% of Global X U.S. Infrastructure Development ETF worth $8,301,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB bought a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $28,000. Hanson & Doremus Investment Management bought a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $28,000. Sofi Wealth LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter worth about $28,000. Key Financial Inc lifted its holdings in Global X U.S. Infrastructure Development ETF by 613.2% during the 4th quarter. Key Financial Inc now owns 756 shares of the company’s stock valued at $31,000 after buying an additional 650 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at about $32,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock opened at $37.87 on Wednesday. The company’s 50-day simple moving average is $41.15 and its two-hundred day simple moving average is $41.60. Global X U.S. Infrastructure Development ETF has a one year low of $13.80 and a one year high of $17.80. The company has a market capitalization of $7.94 billion, a P/E ratio of 23.20 and a beta of 1.25.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders 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.