Cobblestone Asset Management LLC Has $955,000 Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Cobblestone Asset Management LLC lowered its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,636 shares of the company’s stock after selling 1,904 shares during the quarter. Cobblestone Asset Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $955,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB bought 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 acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $32,000. First PREMIER Bank bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at $39,000. Howe & Rusling Inc. acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth $39,000. Finally, Bartlett & CO. Wealth Management LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 102.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,095 shares of the company’s stock worth $44,000 after buying an additional 553 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS:PAVE opened at $43.67 on Monday. The firm has a 50 day simple moving average of $42.86 and a 200 day simple moving average of $40.99. The company 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 has a one year low of $13.80 and a one year high of $17.80.

Global X U.S. Infrastructure Development ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 7th. Stockholders 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.

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.