Mine & Arao Wealth Creation & Management LLC. Cuts Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Mine & Arao Wealth Creation & Management LLC. cut its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,181 shares of the company’s stock after selling 1,266 shares during the quarter. Mine & Arao Wealth Creation & Management LLC.’s holdings in Global X U.S. Infrastructure Development ETF were worth $654,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PAVE. MassMutual Private Wealth & Trust FSB purchased a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at $28,000. Hanson & Doremus Investment Management acquired a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter worth $28,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth $32,000. Synergy Asset Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter valued at approximately $38,000. Finally, First PREMIER Bank purchased a new position in Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at approximately $39,000.

Global X U.S. Infrastructure Development ETF Trading Up 2.9 %

Global X U.S. Infrastructure Development ETF stock opened at $42.64 on Friday. The stock has a market cap of $8.17 billion, a PE ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 52 week low of $13.80 and a 52 week high of $17.80. The stock has a 50-day moving average price of $42.74 and a 200 day moving average price of $41.08.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The company also recently disclosed 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 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.