Kestra Advisory Services LLC increased its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 16.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 875,996 shares of the company’s stock after buying an additional 126,762 shares during the period. Kestra Advisory Services LLC owned 0.44% of Global X U.S. Infrastructure Development ETF worth $44,509,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PAVE. Jane Street Group LLC raised its position in shares of Global X U.S. Infrastructure Development ETF by 11.1% during the first quarter. Jane Street Group LLC now owns 20,867 shares of the company’s stock worth $787,000 after purchasing an additional 2,081 shares during the period. Russell Investments Group Ltd. grew its position in Global X U.S. Infrastructure Development ETF by 1,294.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 22,442 shares of the company’s stock valued at $978,000 after purchasing an additional 20,833 shares during the period. Diversify Advisory Services LLC increased its stake in Global X U.S. Infrastructure Development ETF by 6.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 29,047 shares of the company’s stock valued at $1,354,000 after purchasing an additional 1,806 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at $2,070,000. Finally, Quantinno Capital Management LP raised its holdings in Global X U.S. Infrastructure Development ETF by 36.8% during the second quarter. Quantinno Capital Management LP now owns 9,118 shares of the company’s stock worth $397,000 after buying an additional 2,451 shares during the last quarter.
Global X U.S. Infrastructure Development ETF Trading Up 0.7%
PAVE opened at $56.42 on Friday. Global X U.S. Infrastructure Development ETF has a 1-year low of $43.87 and a 1-year high of $60.43. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The company’s fifty day moving average price is $56.95 and its two-hundred day moving average price is $53.90.
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. PAVE was launched on Mar 6, 2017 and is managed by Global X.
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