Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Acquired by Arvest Investments Inc.

Arvest Investments Inc. raised its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 54,420 shares of the company’s stock after acquiring an additional 579 shares during the quarter. Arvest Investments Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,199,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Sofi Wealth LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $28,000. Hanson & Doremus Investment Management purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $28,000. Key Financial Inc grew its position in shares of Global X U.S. Infrastructure Development ETF by 613.2% in the fourth quarter. Key Financial Inc now owns 756 shares of the company’s stock valued at $31,000 after purchasing an additional 650 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $32,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of Global X U.S. Infrastructure Development ETF stock opened at $38.97 on Thursday. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 21.38 and a beta of 1.27. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $35.72 and a fifty-two week high of $46.18. The stock has a 50 day moving average of $40.88 and a 200 day moving average of $41.55.

Global X U.S. Infrastructure Development ETF Announces Dividend

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