JPMorgan Chase & Co. Raises Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

JPMorgan Chase & Co. lifted its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 10.9% during the third quarter, HoldingsChannel.com reports. The fund owned 657,342 shares of the company’s stock after purchasing an additional 64,843 shares during the quarter. JPMorgan Chase & Co.’s holdings in Global X U.S. Infrastructure Development ETF were worth $27,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Bank of Montreal Can increased its stake in Global X U.S. Infrastructure Development ETF by 11.0% in the 2nd quarter. Bank of Montreal Can now owns 19,491,116 shares of the company’s stock valued at $726,044,000 after buying an additional 1,928,517 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the third quarter valued at about $31,003,000. Axxcess Wealth Management LLC increased its stake in shares of Global X U.S. Infrastructure Development ETF by 1,243.3% during the third quarter. Axxcess Wealth Management LLC now owns 678,063 shares of the company’s stock worth $27,909,000 after acquiring an additional 627,585 shares during the period. Evergreen Capital Management LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth about $15,437,000. Finally, First Interstate Bank raised its holdings in Global X U.S. Infrastructure Development ETF by 47.6% during the third quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock worth $45,663,000 after purchasing an additional 357,771 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Down 1.0 %

Shares of BATS:PAVE opened at $40.53 on Wednesday. The company has a 50-day moving average price of $43.23 and a 200 day moving average price of $40.54. Global X U.S. Infrastructure Development ETF has a 52 week low of $13.80 and a 52 week high of $17.80. The company has a market cap of $7.76 billion, a P/E 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. 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.