Fortem Financial Group LLC Purchases 836 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Fortem Financial Group LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 2.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 33,772 shares of the company’s stock after purchasing an additional 836 shares during the period. Fortem Financial Group LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,365,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 1,029.7% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock valued at $27,000 after purchasing an additional 659 shares during the last quarter. First PREMIER Bank bought a new position in Global X U.S. Infrastructure Development ETF during the third quarter valued at about $39,000. Howe & Rusling Inc. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the third quarter worth about $39,000. Clear Point Advisors Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth about $40,000. Finally, Assetmark Inc. increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 401.5% during the 3rd quarter. Assetmark Inc. now owns 1,359 shares of the company’s stock valued at $56,000 after acquiring an additional 1,088 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE traded up $0.56 on Monday, hitting $40.81. The company had a trading volume of 1,901,488 shares. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The company’s fifty day moving average price is $43.26 and its 200 day moving average price is $40.49. Global X U.S. Infrastructure Development ETF has a 1-year low of $13.80 and a 1-year high of $17.80.

Global X U.S. Infrastructure Development ETF Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th will be paid a $0.1394 dividend. The ex-dividend date is 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.