Royal Harbor Partners LLC Sells 7,427 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Royal Harbor Partners LLC cut its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 196,147 shares of the company’s stock after selling 7,427 shares during the period. Global X U.S. Infrastructure Development ETF accounts for about 3.0% of Royal Harbor Partners LLC’s investment portfolio, making the stock its 13th biggest position. Royal Harbor Partners LLC owned approximately 0.10% of Global X U.S. Infrastructure Development ETF worth $7,926,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PAVE. Bank of Montreal Can raised its stake in shares of Global X U.S. Infrastructure Development ETF by 3.0% during the third quarter. Bank of Montreal Can now owns 20,077,534 shares of the company’s stock worth $822,978,000 after buying an additional 586,418 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in 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 Global X U.S. Infrastructure Development ETF by 40.0% during the fourth quarter. Principal Financial Group Inc. now owns 3,479,800 shares of the company’s stock valued at $140,619,000 after purchasing an additional 994,800 shares during the period. Raymond James Financial Inc. acquired a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $84,168,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Global X U.S. Infrastructure Development ETF by 3.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,106,540 shares of the company’s stock valued at $44,735,000 after purchasing an additional 32,939 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of BATS PAVE opened at $39.14 on Thursday. The stock has a market cap of $8.21 billion, a P/E ratio of 23.20 and a beta of 1.25. The firm has a 50 day moving average price of $41.37 and a 200 day moving average price of $41.58. Global X U.S. Infrastructure Development ETF has a 52-week low of $13.80 and a 52-week high of $17.80.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, January 7th. Stockholders 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 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.