PFG Advisors Purchases 4,065 Shares of Global X U.S. Infrastructure Development ETF $PAVE

PFG Advisors grew its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 5.7% in the second quarter, HoldingsChannel reports. The fund owned 75,448 shares of the company’s stock after buying an additional 4,065 shares during the period. PFG Advisors’ holdings in Global X U.S. Infrastructure Development ETF were worth $3,288,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of PAVE. Bank of New York Mellon Corp increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 73.8% during the first quarter. Bank of New York Mellon Corp now owns 9,258 shares of the company’s stock worth $349,000 after purchasing an additional 3,931 shares during the period. CWM LLC grew its position in Global X U.S. Infrastructure Development ETF by 6.5% during the first quarter. CWM LLC now owns 378,902 shares of the company’s stock worth $14,296,000 after buying an additional 23,198 shares in the last quarter. LRI Investments LLC bought a new position in Global X U.S. Infrastructure Development ETF during the 1st quarter worth $1,081,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Global X U.S. Infrastructure Development ETF by 15.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,760 shares of the company’s stock valued at $180,000 after acquiring an additional 650 shares in the last quarter. Finally, First Business Financial Services Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter valued at $204,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of BATS PAVE opened at $47.74 on Monday. The stock has a market capitalization of $9.43 billion, a P/E ratio of 23.34 and a beta of 1.24. The stock’s fifty day moving average is $47.30 and its 200 day moving average is $44.79. Global X U.S. Infrastructure Development ETF has a 52 week low of $32.65 and a 52 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.