Trust Co. of Vermont Grows Position in Global X U.S. Infrastructure Development ETF $PAVE

Trust Co. of Vermont lifted its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3,338.7% during the second quarter, Holdings Channel.com reports. The firm owned 2,579 shares of the company’s stock after acquiring an additional 2,504 shares during the period. Trust Co. of Vermont’s holdings in Global X U.S. Infrastructure Development ETF were worth $112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Vontobel Holding Ltd. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 22.7% during the 1st quarter. Vontobel Holding Ltd. now owns 7,252 shares of the company’s stock worth $274,000 after acquiring an additional 1,340 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 8.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 74,870 shares of the company’s stock worth $2,825,000 after purchasing an additional 5,755 shares during the period. Dynamic Advisor Solutions LLC boosted its position in Global X U.S. Infrastructure Development ETF by 5.7% during the first quarter. Dynamic Advisor Solutions LLC now owns 8,011 shares of the company’s stock worth $302,000 after purchasing an additional 429 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the first quarter valued at approximately $632,000. Finally, Moss Adams Wealth Advisors LLC grew its holdings in Global X U.S. Infrastructure Development ETF by 1.5% in the second quarter. Moss Adams Wealth Advisors LLC now owns 1,041,197 shares of the company’s stock valued at $45,469,000 after purchasing an additional 15,268 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock opened at $47.84 on Friday. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The stock has a 50 day simple moving average of $46.46 and a 200-day simple moving average of $42.65. Global X U.S. Infrastructure Development ETF has a 1-year low of $32.65 and a 1-year high of $46.26.

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.