TAP Consulting LLC Sells 3,065 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

TAP Consulting LLC lowered its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,155 shares of the company’s stock after selling 3,065 shares during the period. TAP Consulting LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,340,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter valued at about $84,168,000. Clal Insurance Enterprises Holdings Ltd boosted its position in Global X U.S. Infrastructure Development ETF by 24.6% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,418,750 shares of the company’s stock valued at $300,890,000 after acquiring an additional 1,464,000 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 40.0% during the 4th quarter. Principal Financial Group Inc. now owns 3,479,800 shares of the company’s stock worth $140,619,000 after acquiring an additional 994,800 shares during the period. EP Wealth Advisors LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter worth approximately $31,003,000. Finally, Bank of Montreal Can lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 3.0% in the 3rd quarter. Bank of Montreal Can now owns 20,077,534 shares of the company’s stock valued at $822,978,000 after purchasing an additional 586,418 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Down 6.0 %

Shares of PAVE stock opened at $38.97 on Thursday. The business’s fifty day moving average is $40.88 and its 200 day moving average is $41.55. The stock has a market cap 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 twelve month low of $35.72 and a twelve month high of $46.18.

Global X U.S. Infrastructure Development ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were given a $0.1394 dividend. The ex-dividend date of this dividend 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.