Royal Harbor Partners LLC Sells 7,427 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Royal Harbor Partners LLC cut its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 196,147 shares of the company’s stock after selling 7,427 shares during the period. Global X U.S. Infrastructure Development ETF accounts for approximately 3.0% of Royal Harbor Partners LLC’s investment portfolio, making the stock its 13th biggest holding. Royal Harbor Partners LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $7,926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Global X U.S. Infrastructure Development ETF by 7.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 50,661 shares of the company’s stock valued at $2,085,000 after acquiring an additional 3,593 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $162,000. Fisher Asset Management LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the third quarter valued at about $295,000. JPMorgan Chase & Co. grew its stake in shares of Global X U.S. Infrastructure Development ETF by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 657,342 shares of the company’s stock valued at $27,056,000 after acquiring an additional 64,843 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Global X U.S. Infrastructure Development ETF by 1.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 193,541 shares of the company’s stock valued at $7,821,000 after acquiring an additional 3,410 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

PAVE stock opened at $39.14 on Thursday. The company’s 50-day simple moving average is $41.37 and its 200 day simple moving average is $41.58. Global X U.S. Infrastructure Development ETF has a 52 week low of $13.80 and a 52 week high of $17.80. The company has a market capitalization of $8.21 billion, a PE ratio of 23.20 and a beta of 1.25.

Global X U.S. Infrastructure Development ETF Dividend Announcement

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