Parallel Advisors LLC increased its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 19.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,103 shares of the company’s stock after purchasing an additional 11,176 shares during the period. Parallel Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,628,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in shares of Global X U.S. Infrastructure Development ETF by 3.7% during the first quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock worth $1,295,627,000 after purchasing an additional 903,562 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 43.3% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock valued at $454,147,000 after buying an additional 2,699,000 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 24.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock worth $299,851,000 after acquiring an additional 1,001,544 shares during the last quarter. Royal Bank of Canada lifted its position in Global X U.S. Infrastructure Development ETF by 8.1% in the 1st quarter. Royal Bank of Canada now owns 1,610,656 shares of the company’s stock valued at $81,837,000 after acquiring an additional 120,091 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Global X U.S. Infrastructure Development ETF by 46.0% in the 1st quarter. Principal Financial Group Inc. now owns 1,567,475 shares of the company’s stock valued at $79,643,000 after acquiring an additional 494,075 shares in the last quarter.
Global X U.S. Infrastructure Development ETF Stock Performance
Shares of PAVE opened at $51.14 on Monday. The firm has a market capitalization of $13.00 billion, a P/E ratio of 24.12 and a beta of 1.20. Global X U.S. Infrastructure Development ETF has a 52 week low of $45.44 and a 52 week high of $60.43. The stock has a 50 day moving average price of $53.38 and a two-hundred day moving average price of $54.75.
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.
See Also
- Five stocks we like better than Global X U.S. Infrastructure Development ETF
- Lemonade’s Revenue Soars 73%—So Why Did Its Stock Turn Sour After Earnings?
- Anthropic’s S-1 Strengthens the Case for Broadcom’s AI Growth
- After the Midterms, Which of These 3 Defense ETFs Looks Strongest?
- The Ugly Truth Behind SoundHound’s Q3 Results
Want to see what other hedge funds are holding PAVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report).
Receive News & Ratings for Global X U.S. Infrastructure Development ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global X U.S. Infrastructure Development ETF and related companies with MarketBeat.com's FREE daily email newsletter.
