Waddell & Associates LLC Has $90.12 Million Position in Global X U.S. Infrastructure Development ETF $PAVE

Waddell & Associates LLC lifted its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,892,168 shares of the company’s stock after buying an additional 65,420 shares during the period. Global X U.S. Infrastructure Development ETF comprises 7.6% of Waddell & Associates LLC’s holdings, making the stock its 2nd largest holding. Waddell & Associates LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $90,124,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PAVE. Root Financial Partners LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the third quarter worth about $25,000. Darwin Wealth Management LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at approximately $25,000. Atlantic Union Bankshares Corp purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth approximately $26,000. Avalon Trust Co bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at approximately $29,000. Finally, Motco purchased a new stake in Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at $34,000.

Global X U.S. Infrastructure Development ETF Stock Up 1.4%

PAVE stock opened at $55.65 on Wednesday. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $56.74. The stock has a market capitalization of $10.99 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The firm’s fifty day simple moving average is $51.45 and its two-hundred day simple moving average is $48.78.

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.