Swmg LLC purchased a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) in the third quarter, HoldingsChannel.com reports. The fund purchased 12,740 shares of the company’s stock, valued at approximately $663,000.
A number of other institutional investors also recently made changes to their positions in the stock. Compass Financial Management LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the second quarter valued at $28,000. Root Financial Partners LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the third quarter valued at $27,000. Axiom Investment Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the first quarter valued at $28,000. NBT Bank N A NY purchased a new stake in Global X U.S. Infrastructure Development ETF during the 1st quarter worth about $29,000. Finally, Clearstead Trust LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the 1st quarter worth about $31,000.
Global X U.S. Infrastructure Development ETF Stock Performance
Shares of PAVE stock opened at $51.60 on Monday. The firm has a 50-day moving average price of $54.03 and a 200 day moving average price of $55.75. Global X U.S. Infrastructure Development ETF has a twelve month low of $45.44 and a twelve month high of $60.43. The company has a market capitalization of $10.19 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24.
Global X U.S. Infrastructure Development ETF Company 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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