Investment Partners LTD. Acquires 13,202 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Investment Partners LTD. bought a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 13,202 shares of the company’s stock, valued at approximately $693,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beaumont Financial Advisors LLC raised its position 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 worth $861,000 after purchasing an additional 180 shares during the period. Stephens Inc. AR grew its position in shares of Global X U.S. Infrastructure Development ETF by 1.4% in the 1st quarter. Stephens Inc. AR now owns 14,302 shares of the company’s stock valued at $727,000 after purchasing an additional 194 shares during the period. Willner & Heller LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 1.2% in the 3rd quarter. Willner & Heller LLC now owns 17,721 shares of the company’s stock valued at $930,000 after purchasing an additional 208 shares during the period. Castleview Partners LLC increased its stake in Global X U.S. Infrastructure Development ETF by 2.1% during the 3rd quarter. Castleview Partners LLC now owns 11,082 shares of the company’s stock worth $582,000 after purchasing an additional 224 shares in the last quarter. Finally, Baird Financial Group Inc. increased its stake in Global X U.S. Infrastructure Development ETF by 0.4% during the 2nd quarter. Baird Financial Group Inc. now owns 62,115 shares of the company’s stock worth $3,660,000 after purchasing an additional 230 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE stock opened at $53.52 on Monday. The company has a market capitalization of $10.57 billion, a P/E ratio of 23.34 and a beta of 1.24. The company’s 50 day moving average price is $53.68 and its two-hundred day moving average price is $54.70. Global X U.S. Infrastructure Development ETF has a 52 week low of $45.44 and a 52 week 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.