Independent Financial Group LLC Acquires Shares of 100,269 Global X U.S. Infrastructure Development ETF $PAVE

Independent Financial Group LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 100,269 shares of the company’s stock, valued at approximately $5,095,000. Independent Financial Group LLC owned approximately 0.05% of Global X U.S. Infrastructure Development ETF as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vectors Research Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the 1st quarter valued at $2,196,000. Wealthfront Advisers LLC lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 11.6% in the first quarter. Wealthfront Advisers LLC now owns 48,292 shares of the company’s stock valued at $2,454,000 after buying an additional 5,037 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 15.6% in the first quarter. D.A. Davidson & CO. now owns 90,990 shares of the company’s stock valued at $4,623,000 after buying an additional 12,275 shares in the last quarter. Beaumont Financial Advisors LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 1.1% during the first quarter. Beaumont Financial Advisors LLC now owns 16,949 shares of the company’s stock valued at $861,000 after buying an additional 180 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 43.3% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock valued at $454,147,000 after buying an additional 2,699,000 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

BATS:PAVE opened at $56.30 on Friday. The firm has a 50-day moving average of $56.91 and a 200-day moving average of $54.17. The company has a market cap of $11.12 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a one year low of $44.28 and a one year high of $60.43.

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.