JPMorgan Chase & Co. raised its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,630,122 shares of the company’s stock after acquiring an additional 145,059 shares during the quarter. JPMorgan Chase & Co.’s holdings in Global X U.S. Infrastructure Development ETF were worth $172,903,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new stake in Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at approximately $25,000. Atlantic Union Bankshares Corp acquired a new stake in Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at $26,000. Avalon Trust Co purchased a new position in Global X U.S. Infrastructure Development ETF during the second quarter worth $29,000. Finally, Motco acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the third quarter worth $34,000.
Global X U.S. Infrastructure Development ETF Stock Up 0.6%
Shares of BATS:PAVE opened at $55.64 on Friday. The company has a market capitalization of $10.99 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 52-week low of $32.65 and a 52-week high of $56.74. The stock’s fifty day simple moving average is $51.20 and its 200-day simple moving average is $48.62.
About Global X U.S. Infrastructure Development ETF
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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