AIFG Consultants Ltd. Decreases Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

AIFG Consultants Ltd. reduced its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 86.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,719 shares of the company’s stock after selling 42,139 shares during the quarter. AIFG Consultants Ltd.’s holdings in Global X U.S. Infrastructure Development ETF were worth $272,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. MassMutual Private Wealth & Trust FSB purchased a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter worth $28,000. Hanson & Doremus Investment Management acquired a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at about $28,000. Trivant Custom Portfolio Group LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at approximately $32,000. Synergy Asset Management LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at approximately $38,000. Finally, Howe & Rusling Inc. purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at approximately $39,000.

Global X U.S. Infrastructure Development ETF Trading Up 1.6 %

Shares of PAVE opened at $42.11 on Tuesday. The firm’s 50-day moving average is $42.24 and its two-hundred day moving average is $41.25. 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 twelve month low of $13.80 and a twelve month high of $17.80.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were given a dividend of $0.1394 per share. 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.