Kovack Advisors Inc. Purchases 1,952 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Kovack Advisors Inc. increased its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 20.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,677 shares of the company’s stock after buying an additional 1,952 shares during the quarter. Kovack Advisors Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $472,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB bought a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $28,000. Hanson & Doremus Investment Management acquired a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $28,000. Sofi Wealth LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $28,000. Key Financial Inc boosted its position in Global X U.S. Infrastructure Development ETF by 613.2% during the fourth 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 last quarter. Finally, Trivant Custom Portfolio Group LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $32,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of BATS PAVE opened at $40.20 on Friday. The stock has a 50 day moving average price of $41.51 and a 200 day moving average price of $41.54. 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 market capitalization of $8.43 billion, a PE ratio of 23.20 and a beta of 1.25.

Global X U.S. Infrastructure Development ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were given a dividend of $0.1394 per share. The ex-dividend date of this dividend was Monday, December 30th.

About Global X U.S. Infrastructure Development ETF

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.