Founders Financial Securities LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 58,148 shares of the company’s stock, valued at approximately $3,053,000.
Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.7% in the first quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock valued at $1,295,627,000 after buying an additional 903,562 shares during the period. 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 worth $454,147,000 after acquiring an additional 2,699,000 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 24.5% during the second quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock worth $299,851,000 after acquiring an additional 1,001,544 shares during the period. Royal Bank of Canada raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 8.1% during the first quarter. Royal Bank of Canada now owns 1,610,656 shares of the company’s stock worth $81,837,000 after acquiring an additional 120,091 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 46.0% during the first quarter. Principal Financial Group Inc. now owns 1,567,475 shares of the company’s stock worth $79,643,000 after acquiring an additional 494,075 shares during the period.
Global X U.S. Infrastructure Development ETF Trading Up 2.2%
PAVE opened at $54.49 on Friday. The stock has a market capitalization of $10.77 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12 month low of $45.44 and a 12 month high of $60.43. The firm’s fifty day simple moving average is $53.73 and its 200 day simple 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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