Pinnacle Wealth Management Group Inc. Sells 1,803 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Pinnacle Wealth Management Group Inc. reduced its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,846 shares of the company’s stock after selling 1,803 shares during the period. Pinnacle Wealth Management Group Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can grew its holdings in Global X U.S. Infrastructure Development ETF by 11.0% during the 2nd quarter. Bank of Montreal Can now owns 19,491,116 shares of the company’s stock worth $726,044,000 after acquiring an additional 1,928,517 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in Global X U.S. Infrastructure Development ETF in the third quarter valued at approximately $31,003,000. Axxcess Wealth Management LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 1,243.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 678,063 shares of the company’s stock worth $27,909,000 after purchasing an additional 627,585 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at $15,437,000. Finally, First Interstate Bank increased its position in shares of Global X U.S. Infrastructure Development ETF by 47.6% during the third quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock worth $45,663,000 after buying an additional 357,771 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Up 1.3 %

PAVE stock opened at $40.58 on Tuesday. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The company’s fifty day simple moving average is $43.17 and its 200 day simple moving average is $40.63. 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. Investors 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 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.