Riggs Asset Managment Co. Inc. Grows Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Riggs Asset Managment Co. Inc. raised its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 430,064 shares of the company’s stock after acquiring an additional 6,864 shares during the quarter. Global X U.S. Infrastructure Development ETF makes up approximately 4.6% of Riggs Asset Managment Co. Inc.’s holdings, making the stock its biggest position. Riggs Asset Managment Co. Inc. owned approximately 0.22% of Global X U.S. Infrastructure Development ETF worth $17,383,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can boosted its position in Global X U.S. Infrastructure Development ETF by 3.0% during the third quarter. Bank of Montreal Can now owns 20,077,534 shares of the company’s stock valued at $822,978,000 after purchasing an additional 586,418 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF by 19.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,386,938 shares of the company’s stock worth $57,086,000 after purchasing an additional 229,948 shares in the last quarter. First Interstate Bank boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 47.6% in the 3rd quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock valued at $45,663,000 after buying an additional 357,771 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Global X U.S. Infrastructure Development ETF by 30.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,073,601 shares of the company’s stock valued at $44,007,000 after buying an additional 247,941 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC increased its holdings in Global X U.S. Infrastructure Development ETF by 1.0% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 975,698 shares of the company’s stock worth $39,536,000 after buying an additional 10,056 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 2.1 %

BATS:PAVE opened at $42.31 on Friday. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. 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’s 50 day moving average price is $42.64 and its two-hundred day moving average price is $41.13.

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 dividend of $0.1394 per share. The ex-dividend date 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.