Summit Trail Advisors LLC Acquires 20,242 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Summit Trail Advisors LLC grew its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 395.0% in the 4th quarter, HoldingsChannel reports. The firm owned 25,367 shares of the company’s stock after buying an additional 20,242 shares during the quarter. Summit Trail Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,029,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ocean Park Asset Management LLC grew its stake in Global X U.S. Infrastructure Development ETF by 434.1% in the fourth quarter. Ocean Park Asset Management LLC now owns 178,979 shares of the company’s stock valued at $7,233,000 after purchasing an additional 145,467 shares during the last quarter. Savant Capital LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at about $382,000. MFA Wealth Advisors LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 6.3% in the 4th quarter. MFA Wealth Advisors LLC now owns 320,127 shares of the company’s stock worth $12,936,000 after buying an additional 19,018 shares during the last quarter. Angeles Wealth Management LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $46,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $1,031,000.

Global X U.S. Infrastructure Development ETF Trading Up 1.5 %

BATS PAVE opened at $42.06 on Wednesday. The firm’s fifty day simple moving average is $42.17 and its two-hundred day simple moving average is $41.28. The firm has a market capitalization of $8.06 billion, a P/E 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.

Global X U.S. Infrastructure Development ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were paid 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.