IMG Wealth Management Inc. Invests $221,000 in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

IMG Wealth Management Inc. purchased a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,471 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds have also recently made changes to their positions in PAVE. Raymond James Financial Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter worth approximately $84,168,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Global X U.S. Infrastructure Development ETF by 24.6% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,418,750 shares of the company’s stock worth $300,890,000 after purchasing an additional 1,464,000 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Global X U.S. Infrastructure Development ETF by 40.0% in the 4th 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 in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter worth approximately $31,003,000. Finally, Bank of Montreal Can boosted its position in shares of 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 in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Down 7.4 %

Shares of PAVE opened at $38.38 on Monday. The business’s 50 day moving average price is $41.00 and its 200-day moving average price 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 stock has a market cap of $7.89 billion, a P/E ratio of 21.38 and a beta of 1.27.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were given a $0.1394 dividend. 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.