Kestra Private Wealth Services LLC Invests $1.03 Million in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Kestra Private Wealth Services LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 25,514 shares of the company’s stock, valued at approximately $1,031,000.

A number of other hedge funds also recently modified their holdings of PAVE. Wealth Enhancement Advisory Services LLC raised its stake in Global X U.S. Infrastructure Development ETF by 7.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 50,661 shares of the company’s stock worth $2,085,000 after purchasing an additional 3,593 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Global X U.S. Infrastructure Development ETF by 2.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 19,739 shares of the company’s stock worth $812,000 after purchasing an additional 422 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter worth about $162,000. Fisher Asset Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the 3rd quarter worth about $295,000. Finally, JPMorgan Chase & Co. raised its stake in Global X U.S. Infrastructure Development ETF by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 657,342 shares of the company’s stock worth $27,056,000 after purchasing an additional 64,843 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 0.8 %

Shares of Global X U.S. Infrastructure Development ETF stock opened at $41.79 on Friday. Global X U.S. Infrastructure Development ETF has a twelve month low of $13.80 and a twelve month high of $17.80. The company has a 50-day simple moving average of $42.03 and a two-hundred day simple moving average of $41.30. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were issued a $0.1394 dividend. The ex-dividend date 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.