IMG Wealth Management Inc. Purchases New Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

IMG Wealth Management Inc. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,471 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds also recently bought and sold shares of the company. Sofi Wealth LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB purchased a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at about $28,000. Hanson & Doremus Investment Management purchased a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at about $28,000. Key Financial Inc increased its holdings in Global X U.S. Infrastructure Development ETF by 613.2% during the 4th quarter. Key Financial Inc now owns 756 shares of the company’s stock valued at $31,000 after purchasing an additional 650 shares during the period. Finally, Trivant Custom Portfolio Group LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at about $32,000.

Global X U.S. Infrastructure Development ETF Stock Performance

PAVE stock opened at $38.38 on Monday. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $13.80 and a fifty-two week high of $17.80. The business’s 50 day moving average price is $41.00 and its two-hundred day moving average price is $41.58. The company has a market capitalization of $7.89 billion, a price-to-earnings ratio of 21.38 and a beta of 1.27.

Global X U.S. Infrastructure Development ETF Announces Dividend

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