Burke & Herbert Bank & Trust Co. bought a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,375 shares of the company’s stock, valued at approximately $1,227,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compass Financial Management LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth about $28,000. Root Financial Partners LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth $27,000. Axiom Investment Management LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the first quarter worth $28,000. Clearstead Trust LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the first quarter worth $31,000. Finally, Latitude Advisors LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at $37,000.
Global X U.S. Infrastructure Development ETF Trading Up 0.8%
Shares of PAVE stock traded up $0.41 on Friday, hitting $51.14. The stock had a trading volume of 1,991,201 shares, compared to its average volume of 1,750,635. Global X U.S. Infrastructure Development ETF has a twelve month low of $45.44 and a twelve month high of $60.43. The company has a fifty day moving average price of $53.38 and a two-hundred day moving average price of $54.75. The firm has a market cap of $10.10 billion, a P/E ratio of 23.34 and a beta of 1.24.
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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