Global X U.S. Infrastructure Development ETF $PAVE Shares Bought by Prosperity Financial Group Inc.

Prosperity Financial Group Inc. grew its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 6.6% during the second quarter, HoldingsChannel reports. The firm owned 52,875 shares of the company’s stock after purchasing an additional 3,284 shares during the quarter. Prosperity Financial Group Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,304,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in Global X U.S. Infrastructure Development ETF by 8.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,870 shares of the company’s stock worth $2,825,000 after buying an additional 5,755 shares during the period. PFG Investments LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter worth about $239,000. International Assets Investment Management LLC boosted its position in shares of Global X U.S. Infrastructure Development ETF by 3.6% in the first quarter. International Assets Investment Management LLC now owns 7,682 shares of the company’s stock worth $290,000 after acquiring an additional 267 shares during the last quarter. Econ Financial Services Corp grew its holdings in Global X U.S. Infrastructure Development ETF by 7.4% in the first quarter. Econ Financial Services Corp now owns 32,163 shares of the company’s stock valued at $1,214,000 after purchasing an additional 2,229 shares during the period. Finally, Archford Capital Strategies LLC grew its holdings in Global X U.S. Infrastructure Development ETF by 3.3% in the first quarter. Archford Capital Strategies LLC now owns 12,162 shares of the company’s stock valued at $459,000 after purchasing an additional 387 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Up 13.7%

BATS:PAVE opened at $47.14 on Thursday. The company has a market cap of $9.31 billion, a P/E ratio of 23.34 and a beta of 1.24. The firm’s 50 day moving average is $46.90 and its two-hundred day moving average is $43.60. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $32.65 and a fifty-two week high of $46.26.

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.