Park Avenue Securities LLC Sells 19,237 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Park Avenue Securities LLC lessened its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 33.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,127 shares of the company’s stock after selling 19,237 shares during the quarter. Park Avenue Securities LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First PREMIER Bank bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth about $39,000. Howe & Rusling Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth about $39,000. Clear Point Advisors Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth about $40,000. Assetmark Inc. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 401.5% in the 3rd quarter. Assetmark Inc. now owns 1,359 shares of the company’s stock worth $56,000 after acquiring an additional 1,088 shares during the last quarter. Finally, Main Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter worth about $59,000.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE opened at $42.90 on Friday. 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 firm has a market capitalization of $8.22 billion, a PE ratio of 20.28 and a beta of 1.13. The company’s 50-day moving average is $42.96 and its 200 day moving average is $40.75.

Global X U.S. Infrastructure Development ETF Announces Dividend

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