IFP Advisors Inc Has $1.23 Million Stock Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

IFP Advisors Inc lifted its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 6.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,496 shares of the company’s stock after buying an additional 1,736 shares during the period. IFP Advisors Inc’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,232,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Avior Wealth Management LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.9% in the 3rd quarter. Avior Wealth Management LLC now owns 6,848 shares of the company’s stock valued at $282,000 after purchasing an additional 254 shares during the period. Crewe Advisors LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 17.4% in the 4th quarter. Crewe Advisors LLC now owns 1,976 shares of the company’s stock valued at $80,000 after purchasing an additional 293 shares during the period. Richardson Capital Management LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 8.3% in the 3rd quarter. Richardson Capital Management LLC now owns 4,276 shares of the company’s stock valued at $176,000 after purchasing an additional 326 shares during the period. Diversify Advisory Services LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 1.5% in the 4th quarter. Diversify Advisory Services LLC now owns 26,160 shares of the company’s stock valued at $1,048,000 after purchasing an additional 380 shares during the period. Finally, Tandem Capital Management Corp ADV raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 2.6% in the 4th quarter. Tandem Capital Management Corp ADV now owns 16,070 shares of the company’s stock valued at $649,000 after purchasing an additional 400 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE stock opened at $40.15 on Thursday. The firm’s 50-day moving average is $41.55 and its 200-day moving average is $41.53. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of 23.20 and a beta of 1.25. Global X U.S. Infrastructure Development ETF has a 52-week low of $13.80 and a 52-week high of $17.80.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were issued a $0.1394 dividend. The ex-dividend date was Monday, December 30th.

Global X U.S. Infrastructure Development ETF 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.