Van ECK Associates Corp Raises Stock Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Van ECK Associates Corp grew its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 25.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,667 shares of the company’s stock after buying an additional 26,484 shares during the quarter. Van ECK Associates Corp owned 0.07% of Global X U.S. Infrastructure Development ETF worth $5,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Montreal Can grew 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. First Interstate Bank boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 47.6% in the third quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock valued at $45,663,000 after purchasing an additional 357,771 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.1% in 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 in the last quarter. Moss Adams Wealth Advisors LLC increased its stake in Global X U.S. Infrastructure Development ETF by 1.0% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 975,698 shares of the company’s stock worth $39,536,000 after buying an additional 10,056 shares during the period. Finally, Raymond James & Associates lifted its holdings in Global X U.S. Infrastructure Development ETF by 64.3% during the 3rd quarter. Raymond James & Associates now owns 781,038 shares of the company’s stock worth $32,148,000 after buying an additional 305,548 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 2.2 %

Shares of PAVE stock opened at $42.35 on Wednesday. Global X U.S. Infrastructure Development ETF has a 52 week low of $13.80 and a 52 week high of $17.80. The firm has a 50 day moving average of $41.86 and a two-hundred day moving average of $41.37. The stock has a market capitalization of $8.11 billion, a PE ratio of 20.28 and a beta of 1.13.

Global X U.S. Infrastructure Development ETF Dividend Announcement

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