JNBA Financial Advisors raised its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 1,788.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,737 shares of the company’s stock after purchasing an additional 19,639 shares during the period. JNBA Financial Advisors’ holdings in Global X U.S. Infrastructure Development ETF were worth $1,353,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in PAVE. Petra Financial Advisors Inc. purchased a new position in Global X U.S. Infrastructure Development ETF during the 1st quarter valued at approximately $461,000. VectorGlobal IAG Inc. bought a new stake in Global X U.S. Infrastructure Development ETF in the 1st quarter worth approximately $1,489,000. Moss Adams Wealth Advisors LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.0% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 1,816,958 shares of the company’s stock worth $92,320,000 after acquiring an additional 52,695 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 31.7% during the 1st quarter. Cetera Investment Advisers now owns 1,297,545 shares of the company’s stock worth $65,928,000 after acquiring an additional 312,076 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its position in shares of Global X U.S. Infrastructure Development ETF by 3.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,027,225 shares of the company’s stock valued at $49,091,000 after acquiring an additional 37,573 shares during the last quarter.
Global X U.S. Infrastructure Development ETF Stock Performance
BATS PAVE opened at $54.70 on Tuesday. The stock has a 50 day moving average price of $57.19 and a 200-day moving average price of $55.53. Global X U.S. Infrastructure Development ETF has a one year low of $45.44 and a one year high of $60.43. The company has a market capitalization of $10.81 billion, a P/E ratio of 23.34 and a beta of 1.24.
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. PAVE was launched on Mar 6, 2017 and is managed by Global X.
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