Lane Brothers & Co. Inc. purchased a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 74,309 shares of the company’s stock, valued at approximately $3,551,000. Global X U.S. Infrastructure Development ETF accounts for approximately 2.6% of Lane Brothers & Co. Inc.’s holdings, making the stock its 10th largest position.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Darwin Wealth Management LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at approximately $25,000. eCIO Inc. purchased a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter worth approximately $27,000. Fortitude Family Office LLC acquired a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter worth $33,000. Millstone Evans Group LLC acquired a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter worth $33,000. Finally, JNBA Financial Advisors increased its stake in Global X U.S. Infrastructure Development ETF by 40.4% during the fourth quarter. JNBA Financial Advisors now owns 712 shares of the company’s stock worth $34,000 after acquiring an additional 205 shares during the last quarter.
Global X U.S. Infrastructure Development ETF Price Performance
BATS:PAVE opened at $58.56 on Friday. Global X U.S. Infrastructure Development ETF has a 52 week low of $41.65 and a 52 week high of $59.21. The stock’s fifty day moving average is $56.19 and its two-hundred day moving average is $52.94. The company has a market capitalization of $11.57 billion, a P/E ratio of 23.34 and a beta of 1.24.
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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