Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 6.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 18,427 shares of the company’s stock after selling 1,312 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in Global X U.S. Infrastructure Development ETF by 7.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 50,661 shares of the company’s stock worth $2,085,000 after purchasing an additional 3,593 shares during the period. Ameliora Wealth Management Ltd. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth approximately $162,000. Proficio Capital Partners LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth approximately $771,000. Fisher Asset Management LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth approximately $295,000. Finally, JPMorgan Chase & Co. boosted its holdings in Global X U.S. Infrastructure Development ETF by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 657,342 shares of the company’s stock valued at $27,056,000 after purchasing an additional 64,843 shares in the last quarter.

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

Shares of PAVE opened at $38.38 on Monday. The stock has a 50 day moving average price of $41.00 and a 200 day moving average price of $41.58. The company has a market capitalization 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 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 firm also recently declared a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were issued a $0.1394 dividend. 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.