Independent Advisor Alliance Acquires 66,962 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Independent Advisor Alliance grew its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 877.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,590 shares of the company’s stock after acquiring an additional 66,962 shares during the quarter. Independent Advisor Alliance’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,014,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PAVE. BOK Financial Private Wealth Inc. raised its stake in Global X U.S. Infrastructure Development ETF by 395.6% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 2,478 shares of the company’s stock worth $100,000 after acquiring an additional 1,978 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 37.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 65,469 shares of the company’s stock valued at $2,646,000 after buying an additional 17,951 shares in the last quarter. Ethos Financial Group LLC increased its position in Global X U.S. Infrastructure Development ETF by 2.3% in the fourth quarter. Ethos Financial Group LLC now owns 43,997 shares of the company’s stock worth $1,784,000 after purchasing an additional 996 shares during the period. Raymond James Financial Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $84,168,000. Finally, Proficio Capital Partners LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $771,000.

Global X U.S. Infrastructure Development ETF Stock Down 8.4 %

Shares of PAVE stock opened at $37.98 on Thursday. Global X U.S. Infrastructure Development ETF has a 12 month low of $13.80 and a 12 month high of $17.80. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 23.20 and a beta of 1.25. The stock has a 50-day moving average price of $41.10 and a 200 day moving average price of $41.57.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The business 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 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.