Northbridge Financial Group LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 42,455 shares of the company’s stock, valued at approximately $2,029,000. Global X U.S. Infrastructure Development ETF accounts for about 0.9% of Northbridge Financial Group LLC’s investment portfolio, making the stock its 25th largest holding.
Other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth $25,000. eCIO Inc. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth $27,000. Fortitude Family Office LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth $33,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth $33,000.
Global X U.S. Infrastructure Development ETF Stock Down 1.7%
Shares of Global X U.S. Infrastructure Development ETF stock opened at $53.77 on Wednesday. Global X U.S. Infrastructure Development ETF has a 12 month low of $40.61 and a 12 month high of $58.55. The business has a fifty day simple moving average of $53.52 and a 200 day simple moving average of $51.48. The stock has a market cap of $10.62 billion, a PE ratio of 23.34 and a beta of 1.24.
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. PAVE was launched on Mar 6, 2017 and is managed by Global X.
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