PNC Financial Services Group Inc. Grows Stock Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

PNC Financial Services Group Inc. boosted its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 37.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 65,469 shares of the company’s stock after acquiring an additional 17,951 shares during the period. PNC Financial Services Group Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,646,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in PAVE. Assetmark Inc. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 401.5% during the 3rd quarter. Assetmark Inc. now owns 1,359 shares of the company’s stock worth $56,000 after purchasing an additional 1,088 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in Global X U.S. Infrastructure Development ETF by 82.7% during the 3rd quarter. Apollon Wealth Management LLC now owns 19,292 shares of the company’s stock valued at $794,000 after buying an additional 8,735 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in Global X U.S. Infrastructure Development ETF by 13.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 9,093 shares of the company’s stock worth $374,000 after buying an additional 1,108 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.7% in the third quarter. Oppenheimer & Co. Inc. now owns 98,611 shares of the company’s stock worth $4,059,000 after acquiring an additional 3,492 shares during the last quarter. Finally, Caprock Group LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 42.9% in the third quarter. Caprock Group LLC now owns 16,715 shares of the company’s stock valued at $688,000 after acquiring an additional 5,022 shares in the last quarter.

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

PAVE opened at $38.38 on Friday. The firm has a market cap of $7.89 billion, a P/E ratio of 21.38 and a beta of 1.27. The business’s fifty day simple moving average is $41.00 and its 200 day simple moving average is $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.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, January 7th. Stockholders 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.