HighTower Advisors LLC Cuts Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

HighTower Advisors LLC cut its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 568,946 shares of the company’s stock after selling 14,157 shares during the quarter. HighTower Advisors LLC owned about 0.30% of Global X U.S. Infrastructure Development ETF worth $22,991,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Avior Wealth Management LLC increased its stake in Global X U.S. Infrastructure Development ETF by 3.9% during the 3rd quarter. Avior Wealth Management LLC now owns 6,848 shares of the company’s stock valued at $282,000 after purchasing an additional 254 shares in the last quarter. Cascade Financial Partners LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 0.9% during the fourth quarter. Cascade Financial Partners LLC now owns 29,815 shares of the company’s stock valued at $1,205,000 after buying an additional 262 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Global X U.S. Infrastructure Development ETF by 3.9% during the fourth quarter. Fisher Asset Management LLC now owns 7,447 shares of the company’s stock valued at $301,000 after acquiring an additional 282 shares in the last quarter. Crewe Advisors LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 17.4% in the 4th quarter. Crewe Advisors LLC now owns 1,976 shares of the company’s stock worth $80,000 after acquiring an additional 293 shares during the last quarter. Finally, Diversify Advisory Services LLC lifted its position in Global X U.S. Infrastructure Development ETF by 1.5% in the 4th quarter. Diversify Advisory Services LLC now owns 26,160 shares of the company’s stock valued at $1,048,000 after acquiring an additional 380 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Trading Down 7.4 %

Global X U.S. Infrastructure Development ETF stock opened at $38.38 on Friday. Global X U.S. Infrastructure Development ETF has a 12 month low of $13.80 and a 12 month high of $17.80. The stock has a fifty day simple moving average of $41.00 and a two-hundred day simple moving average of $41.54. The firm has a market cap of $7.89 billion, a price-to-earnings ratio of 21.38 and a beta of 1.27.

Global X U.S. Infrastructure Development ETF Dividend Announcement

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

Global X U.S. Infrastructure Development ETF 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.