Sonoma Allocations LLC bought a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) during the first quarter, Holdings Channel.com reports. The institutional investor bought 17,013 shares of the company’s stock, valued at approximately $875,000.
Several other hedge funds also recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Global X U.S. Infrastructure Development ETF by 43.3% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock valued at $454,147,000 after acquiring an additional 2,699,000 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 30.5% in the 4th quarter. JPMorgan Chase & Co. now owns 4,736,398 shares of the company’s stock worth $226,353,000 after acquiring an additional 1,106,276 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Global X U.S. Infrastructure Development ETF by 3.7% during the 1st quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock worth $1,295,627,000 after purchasing an additional 903,562 shares during the period. Bank of Montreal Can boosted its position in shares of Global X U.S. Infrastructure Development ETF by 3.7% during the 4th quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock worth $1,177,704,000 after purchasing an additional 868,412 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at approximately $35,769,000.
Global X U.S. Infrastructure Development ETF Stock Up 2.0%
Shares of BATS PAVE opened at $56.10 on Friday. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 52-week low of $44.28 and a 52-week high of $60.43. The business’s 50 day moving average is $57.10 and its two-hundred day moving average is $54.69.
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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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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