16,305 Shares in Global X U.S. Infrastructure Development ETF (BATS:PAVE) Purchased by Sierra Capital LLC

Sierra Capital LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 16,305 shares of the company’s stock, valued at approximately $659,000.

Several other hedge funds have also recently bought and sold shares of PAVE. Bank of Montreal Can grew its position in Global X U.S. Infrastructure Development ETF by 3.0% during the 3rd quarter. Bank of Montreal Can now owns 20,077,534 shares of the company’s stock worth $822,978,000 after acquiring an additional 586,418 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 40.0% during the fourth quarter. Principal Financial Group Inc. now owns 3,479,800 shares of the company’s stock valued at $140,619,000 after purchasing an additional 994,800 shares in the last quarter. First Interstate Bank grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 47.6% during the third quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock worth $45,663,000 after purchasing an additional 357,771 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 3.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,106,540 shares of the company’s stock valued at $44,735,000 after buying an additional 32,939 shares during the period. Finally, Moss Adams Wealth Advisors LLC increased its stake in shares of Global X U.S. Infrastructure Development ETF by 1.0% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 975,698 shares of the company’s stock valued at $39,536,000 after buying an additional 10,056 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

BATS:PAVE opened at $40.03 on Tuesday. Global X U.S. Infrastructure Development ETF has a one year low of $13.80 and a one year high of $17.80. The company has a market cap of $8.39 billion, a PE ratio of 23.20 and a beta of 1.25. The firm’s 50 day simple moving average is $41.64 and its 200 day simple moving average is $41.52.

Global X U.S. Infrastructure Development ETF Announces Dividend

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