Avondale Wealth Management Sells 1,850 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Avondale Wealth Management reduced its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 22.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,308 shares of the company’s stock after selling 1,850 shares during the period. Avondale Wealth Management’s holdings in Global X U.S. Infrastructure Development ETF were worth $255,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. First PREMIER Bank purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter worth about $39,000. Howe & Rusling Inc. purchased a new stake in Global X U.S. Infrastructure Development ETF in the third quarter worth about $39,000. Clear Point Advisors Inc. bought a new stake in Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at approximately $40,000. Assetmark Inc. grew its holdings 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 worth $56,000 after acquiring an additional 1,088 shares during the period. Finally, Main Management LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter worth approximately $59,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE traded up $0.08 on Friday, reaching $40.61. The stock had a trading volume of 1,251,228 shares. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The company has a 50-day simple moving average of $43.20 and a 200-day simple moving average of $40.54. 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 Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were issued a dividend of $0.1394 per share. The ex-dividend date 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.