MassMutual Private Wealth & Trust FSB Invests $28,000 in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

MassMutual Private Wealth & Trust FSB acquired a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 700 shares of the company’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAVE. Trivant Custom Portfolio Group LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $32,000. First PREMIER Bank purchased a new position in Global X U.S. Infrastructure Development ETF in the third quarter worth $39,000. Howe & Rusling Inc. bought a new position in Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at $39,000. Assetmark Inc. increased its position in shares of Global X U.S. Infrastructure Development ETF by 401.5% during the 3rd quarter. Assetmark Inc. now owns 1,359 shares of the company’s stock valued at $56,000 after purchasing an additional 1,088 shares during the last quarter. Finally, Main Management LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth $59,000.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS PAVE opened at $43.67 on Friday. The company has a market capitalization of $8.36 billion, a PE ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 52-week low of $13.80 and a 52-week high of $17.80. The company has a 50-day simple moving average of $42.87 and a 200 day simple moving average of $40.91.

Global X U.S. Infrastructure Development ETF Announces Dividend

The business 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.

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.