Nvest Financial LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 31.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,323 shares of the company’s stock after buying an additional 11,438 shares during the period. Global X U.S. Infrastructure Development ETF makes up 0.9% of Nvest Financial LLC’s portfolio, making the stock its 28th biggest position. Nvest Financial LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,455,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Darwin Wealth Management LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF in the second quarter valued at approximately $25,000. eCIO Inc. bought a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter worth approximately $27,000. NBT Bank N A NY bought a new stake in Global X U.S. Infrastructure Development ETF during the first quarter worth approximately $29,000. Fortitude Family Office LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter worth approximately $33,000. Finally, Millstone Evans Group LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter worth approximately $33,000.
Global X U.S. Infrastructure Development ETF Stock Performance
Shares of BATS PAVE opened at $57.15 on Monday. Global X U.S. Infrastructure Development ETF has a 1 year low of $43.87 and a 1 year high of $60.43. The firm has a market cap of $11.29 billion, a P/E ratio of 23.34 and a beta of 1.24. The stock has a fifty day moving average price of $56.90 and a two-hundred day moving average price of $53.66.
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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