Moss Adams Wealth Advisors LLC Increases Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Moss Adams Wealth Advisors LLC raised its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1.0% in the fourth quarter, Holdings Channel reports. The fund owned 975,698 shares of the company’s stock after buying an additional 10,056 shares during the quarter. Global X U.S. Infrastructure Development ETF comprises approximately 4.2% of Moss Adams Wealth Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Moss Adams Wealth Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $39,536,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAVE. Bank of New York Mellon Corp boosted its position in shares of Global X U.S. Infrastructure Development ETF by 28.2% in the second quarter. Bank of New York Mellon Corp now owns 13,098 shares of the company’s stock valued at $485,000 after acquiring an additional 2,885 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Global X U.S. Infrastructure Development ETF by 37.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 25,175 shares of the company’s stock valued at $932,000 after purchasing an additional 6,861 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Global X U.S. Infrastructure Development ETF by 9.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 377,476 shares of the company’s stock valued at $13,975,000 after purchasing an additional 32,464 shares during the period. Ameritas Investment Partners Inc. grew its position in Global X U.S. Infrastructure Development ETF by 5.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 102,084 shares of the company’s stock worth $3,779,000 after purchasing an additional 4,954 shares during the last quarter. Finally, Transatlantique Private Wealth LLC increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 9.5% during the 2nd quarter. Transatlantique Private Wealth LLC now owns 41,970 shares of the company’s stock worth $1,554,000 after purchasing an additional 3,648 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS PAVE opened at $42.90 on Friday. Global X U.S. Infrastructure Development ETF has a twelve month low of $13.80 and a twelve month high of $17.80. The stock has a market cap of $8.22 billion, a PE ratio of 20.28 and a beta of 1.13. The firm has a 50-day simple moving average of $42.96 and a 200 day simple moving average of $40.75.

Global X U.S. Infrastructure Development ETF Announces Dividend

The company also recently disclosed 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 of this dividend 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.