Norris Financial Group LLC bought a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 36,420 shares of the company’s stock, valued at approximately $1,850,000.
Other institutional investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the second quarter valued at approximately $25,000. eCIO Inc. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter worth about $27,000. NBT Bank N A NY purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the first quarter valued at approximately $29,000. Clearstead Trust LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the first quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC purchased a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $33,000.
Global X U.S. Infrastructure Development ETF Trading Up 2.0%
Shares of BATS:PAVE opened at $56.10 on Friday. The stock has a market cap of $11.08 billion, a PE ratio of 23.34 and a beta of 1.24. The stock’s fifty day simple moving average is $57.10 and its two-hundred day simple moving average is $54.69. 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 Company 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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