Potentia Wealth Buys New Shares in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Potentia Wealth acquired a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 106,371 shares of the company’s stock, valued at approximately $4,298,000. Global X U.S. Infrastructure Development ETF comprises about 1.9% of Potentia Wealth’s portfolio, making the stock its 12th largest holding.

Other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can lifted its position in 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 acquiring an additional 586,418 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position 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 buying an additional 1,464,000 shares during the last quarter. LPL Financial LLC grew its holdings in Global X U.S. Infrastructure Development ETF by 21.3% during the 4th quarter. LPL Financial LLC now owns 6,776,463 shares of the company’s stock valued at $273,837,000 after buying an additional 1,191,666 shares in the last quarter. Principal Financial Group Inc. raised its position 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 valued at $140,619,000 after buying an additional 994,800 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at $84,168,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE opened at $39.34 on Tuesday. 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 market capitalization of $8.09 billion, a PE ratio of 21.38 and a beta of 1.27. The company has a 50 day moving average price of $40.78 and a 200-day moving average price of $41.59.

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 issued 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.