Cornerstone Wealth Management LLC Boosts Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Cornerstone Wealth Management LLC increased its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,424 shares of the company’s stock after buying an additional 1,510 shares during the period. Cornerstone Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $542,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $28,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $32,000. First PREMIER Bank acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth about $39,000. Howe & Rusling Inc. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at about $39,000. Finally, Bartlett & CO. Wealth Management LLC boosted its position in shares of Global X U.S. Infrastructure Development ETF by 102.0% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,095 shares of the company’s stock valued at $44,000 after purchasing an additional 553 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Up 5.3 %

PAVE opened at $43.67 on Friday. Global X U.S. Infrastructure Development ETF has a 52 week low of $13.80 and a 52 week high of $17.80. The business’s 50 day moving average is $42.86 and its two-hundred day moving average is $40.96. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13.

Global X U.S. Infrastructure Development ETF Announces Dividend

The firm also recently declared 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.