Global X U.S. Infrastructure Development ETF $PAVE is Moss Adams Wealth Advisors LLC’s 9th Largest Position

Moss Adams Wealth Advisors LLC lifted its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 8.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,126,103 shares of the company’s stock after buying an additional 84,906 shares during the period. Global X U.S. Infrastructure Development ETF comprises about 4.2% of Moss Adams Wealth Advisors LLC’s holdings, making the stock its 9th largest position. Moss Adams Wealth Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $53,636,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PAVE. Darwin Wealth Management LLC purchased a new stake in Global X U.S. Infrastructure Development ETF in the second quarter worth about $25,000. Atlantic Union Bankshares Corp purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $26,000. Avalon Trust Co bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth approximately $29,000. Private Wealth Asset Management LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at approximately $32,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the second quarter valued at approximately $35,000.

Global X U.S. Infrastructure Development ETF Stock Up 17.8%

Shares of PAVE stock opened at $48.84 on Friday. The business’s fifty day moving average is $48.11 and its 200 day moving average is $46.75. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $46.26.

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.