Blue Chip Partners LLC Acquires New Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Blue Chip Partners LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,169 shares of the company’s stock, valued at approximately $249,000.

Other hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at about $28,000. Hanson & Doremus Investment Management purchased a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $28,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $32,000. Synergy Asset Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $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 Stock Performance

Shares of PAVE opened at $41.92 on Monday. Global X U.S. Infrastructure Development ETF has a 1 year low of $13.80 and a 1 year high of $17.80. The company’s fifty day moving average is $41.91 and its two-hundred day moving average is $41.35. The stock has a market capitalization of $8.03 billion, a P/E ratio of 20.28 and a beta of 1.13.

Global X U.S. Infrastructure Development ETF Announces Dividend

The firm 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.

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.