Meitav Investment House Ltd. Sells 500,000 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Meitav Investment House Ltd. lessened its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 18.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,159,366 shares of the company’s stock after selling 500,000 shares during the quarter. Global X U.S. Infrastructure Development ETF makes up approximately 1.5% of Meitav Investment House Ltd.’s investment portfolio, making the stock its 21st largest holding. Meitav Investment House Ltd.’s holdings in Global X U.S. Infrastructure Development ETF were worth $87,346,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in Global X U.S. Infrastructure Development ETF by 40.0% during the fourth quarter. Principal Financial Group Inc. now owns 3,479,800 shares of the company’s stock worth $140,619,000 after purchasing an additional 994,800 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the third quarter valued at approximately $31,003,000. Axxcess Wealth Management LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 1,243.3% in the third quarter. Axxcess Wealth Management LLC now owns 678,063 shares of the company’s stock worth $27,909,000 after acquiring an additional 627,585 shares during the period. Bank of Montreal Can boosted its stake in Global X U.S. Infrastructure Development ETF by 3.0% in the 3rd quarter. Bank of Montreal Can now owns 20,077,534 shares of the company’s stock worth $822,978,000 after purchasing an additional 586,418 shares during the period. Finally, First Interstate Bank grew its stake in 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 valued at $45,663,000 after acquiring an additional 357,771 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Trading Up 1.5 %

Shares of BATS PAVE opened at $42.06 on Thursday. The business has a 50-day moving average of $41.83 and a 200-day moving average of $41.40. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. 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 Announces Dividend

The firm 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 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.