Castle Wealth Management LLC Lowers Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Castle Wealth Management LLC trimmed its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,731 shares of the company’s stock after selling 7,816 shares during the period. Global X U.S. Infrastructure Development ETF comprises about 1.9% of Castle Wealth Management LLC’s investment portfolio, making the stock its 13th biggest position. Castle Wealth Management LLC owned about 0.06% of Global X U.S. Infrastructure Development ETF worth $4,814,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PAVE. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $28,000. Hanson & Doremus Investment Management purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $28,000. Trivant Custom Portfolio Group LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $32,000. Synergy Asset Management LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $38,000. Finally, Howe & Rusling Inc. purchased a new stake in Global X U.S. Infrastructure Development ETF during the third quarter valued at approximately $39,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock opened at $41.54 on Thursday. Global X U.S. Infrastructure Development ETF has a 1 year low of $13.80 and a 1 year high of $17.80. The stock’s 50 day simple moving average is $42.11 and its two-hundred day simple moving average is $41.30. The company has a market cap of $7.96 billion, a PE ratio of 20.28 and a beta of 1.13.

Global X U.S. Infrastructure Development ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were given a dividend of $0.1394 per share. 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.