Parallel Advisors LLC Has $3.03 Million Stock Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Parallel Advisors LLC lifted its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 220.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 59,691 shares of the company’s stock after acquiring an additional 41,081 shares during the period. Parallel Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,033,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quadrant Private Wealth Management LLC boosted its holdings in Global X U.S. Infrastructure Development ETF by 2.0% during the first quarter. Quadrant Private Wealth Management LLC now owns 153,554 shares of the company’s stock valued at $7,802,000 after purchasing an additional 2,962 shares in the last quarter. Assetmark Inc. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 2,375.9% during the 1st quarter. Assetmark Inc. now owns 91,163 shares of the company’s stock worth $4,632,000 after buying an additional 87,481 shares during the period. Main Street Group LTD bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter worth approximately $51,000. Clearstead Trust LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter worth approximately $31,000. Finally, Sofi Wealth LLC boosted its stake in Global X U.S. Infrastructure Development ETF by 16.9% in the 1st quarter. Sofi Wealth LLC now owns 16,557 shares of the company’s stock valued at $841,000 after buying an additional 2,394 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS:PAVE opened at $56.20 on Wednesday. The business’s fifty day moving average price is $56.88 and its two-hundred day moving average price is $54.32. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $44.28 and a fifty-two week high of $60.43. The stock has a market capitalization of $11.10 billion, a price-to-earnings 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.