Congress Wealth Management LLC DE Decreases Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Congress Wealth Management LLC DE reduced its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 2.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,703,194 shares of the company’s stock after selling 51,136 shares during the period. Global X U.S. Infrastructure Development ETF comprises 0.9% of Congress Wealth Management LLC DE’s investment portfolio, making the stock its 13th biggest position. Congress Wealth Management LLC DE’s holdings in Global X U.S. Infrastructure Development ETF were worth $68,826,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Bank of Montreal Can increased its holdings 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 acquiring an additional 586,418 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Global X U.S. Infrastructure Development ETF by 24.6% in the fourth 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. LPL Financial LLC raised its position in shares of Global X U.S. Infrastructure Development ETF by 21.3% in the fourth quarter. LPL Financial LLC now owns 6,776,463 shares of the company’s stock valued at $273,837,000 after purchasing an additional 1,191,666 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 40.0% during the 4th quarter. Principal Financial Group Inc. now owns 3,479,800 shares of the company’s stock valued at $140,619,000 after buying an additional 994,800 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter worth approximately $84,168,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock opened at $38.25 on Monday. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 21.38 and a beta of 1.27. The company’s fifty day simple moving average is $40.80 and its two-hundred day simple moving average is $41.58. Global X U.S. Infrastructure Development ETF has a 1 year low of $35.72 and a 1 year high of $46.18.

Global X U.S. Infrastructure Development ETF Dividend Announcement

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