PNC Financial Services Group Inc. raised its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 135.1% in the 1st quarter, Holdings Channel reports. The fund owned 83,250 shares of the company’s stock after acquiring an additional 47,840 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $4,230,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in PAVE. Darwin Wealth Management LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at approximately $25,000. eCIO Inc. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth approximately $27,000. NBT Bank N A NY acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the first quarter worth $29,000. Clearstead Trust LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the first quarter worth $31,000. Finally, Fortitude Family Office LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $33,000.
Global X U.S. Infrastructure Development ETF Price Performance
BATS:PAVE opened at $57.48 on Tuesday. The firm has a market cap of $11.36 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The firm’s fifty day moving average price is $56.99 and its 200 day moving average price is $54.55. Global X U.S. Infrastructure Development ETF has a 1-year low of $44.28 and a 1-year high of $60.43.
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.
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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).
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