Thrivent Financial for Lutherans Sells 39,675 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Thrivent Financial for Lutherans reduced its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 17.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 183,533 shares of the company’s stock after selling 39,675 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Global X U.S. Infrastructure Development ETF were worth $7,832,000 at the end of the most recent quarter.

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

Global X U.S. Infrastructure Development ETF Trading Down 7.7 %

Shares of BATS:PAVE opened at $38.25 on Monday. The company has a 50-day moving average price of $40.80 and a 200-day moving average price of $41.58. The company has a market cap of $7.86 billion, a price-to-earnings ratio of 21.38 and a beta of 1.27. Global X U.S. Infrastructure Development ETF has a 12 month low of $35.72 and a 12 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 paid a dividend of $0.1394 per share. 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.