Global X U.S. Infrastructure Development ETF $PAVE Shares Bought by Investors Research Corp

Investors Research Corp boosted its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 8.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 175,465 shares of the company’s stock after buying an additional 13,947 shares during the quarter. Global X U.S. Infrastructure Development ETF accounts for about 1.5% of Investors Research Corp’s portfolio, making the stock its 16th largest holding. Investors Research Corp owned about 0.09% of Global X U.S. Infrastructure Development ETF worth $8,385,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PAVE. Root Financial Partners LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the second quarter worth $25,000. Motco purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth $34,000. Wealth Watch Advisors INC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth $39,000. Finally, Founders Financial Alliance LLC lifted its position in Global X U.S. Infrastructure Development ETF by 472.9% during the third quarter. Founders Financial Alliance LLC now owns 1,014 shares of the company’s stock valued at $48,000 after purchasing an additional 837 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS:PAVE opened at $49.99 on Friday. Global X U.S. Infrastructure Development ETF has a one year low of $32.65 and a one year high of $56.74. The firm has a market cap of $9.88 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The firm’s fifty day moving average is $52.71 and its two-hundred day moving average is $49.47.

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.