TAP Consulting LLC Cuts Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

TAP Consulting LLC trimmed its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 8.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 33,155 shares of the company’s stock after selling 3,065 shares during the quarter. TAP Consulting LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,340,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB purchased a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at about $28,000. Hanson & Doremus Investment Management bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at about $28,000. Sofi Wealth LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at about $28,000. Key Financial Inc grew its position in Global X U.S. Infrastructure Development ETF by 613.2% during the 4th quarter. Key Financial Inc now owns 756 shares of the company’s stock worth $31,000 after acquiring an additional 650 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter worth approximately $32,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE stock opened at $38.97 on Thursday. The company has a market capitalization of $8.01 billion, a P/E ratio of 21.38 and a beta of 1.27. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $35.72 and a fifty-two week high of $46.18. The stock has a 50 day moving average price of $40.88 and a two-hundred day moving average price of $41.55.

Global X U.S. Infrastructure Development ETF Announces Dividend

The company also recently declared 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.