Kestra Investment Management LLC increased its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 9.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,806,103 shares of the company’s stock after buying an additional 159,802 shares during the period. Global X U.S. Infrastructure Development ETF comprises 1.8% of Kestra Investment Management LLC’s investment portfolio, making the stock its 15th biggest holding. Kestra Investment Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $94,820,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. increased its holdings in 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 worth $454,147,000 after buying an additional 2,699,000 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 24.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock worth $299,851,000 after purchasing an additional 1,001,544 shares during the last quarter. Evergreen Capital Management LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth approximately $49,119,000. Bank of America Corp DE raised its stake in Global X U.S. Infrastructure Development ETF by 3.7% in the 1st quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock valued at $1,295,627,000 after acquiring an additional 903,562 shares during the period. Finally, First Interstate Bank purchased a new stake in Global X U.S. Infrastructure Development ETF during the third quarter valued at about $38,817,000.
Global X U.S. Infrastructure Development ETF Stock Up 4.3%
Shares of BATS:PAVE opened at $53.33 on Tuesday. The firm has a market capitalization of $13.56 billion, a PE ratio of 24.12 and a beta of 1.20. Global X U.S. Infrastructure Development ETF has a twelve month low of $45.44 and a twelve month high of $60.43. The company has a 50-day moving average price of $53.34 and a two-hundred day moving average price of $54.76.
About Global X U.S. Infrastructure Development ETF
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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