Madison Asset Management LLC Makes New $4.12 Million Investment in Global X U.S. Infrastructure Development ETF $PAVE

Madison Asset Management LLC bought a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 81,054 shares of the company’s stock, valued at approximately $4,118,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Capital Asset Advisory Services LLC boosted its position in Global X U.S. Infrastructure Development ETF by 4.4% in the fourth quarter. Capital Asset Advisory Services LLC now owns 990,479 shares of the company’s stock valued at $49,494,000 after buying an additional 41,513 shares in the last quarter. Elm3 Financial Group LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth $440,000. First Interstate Bank increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 1.3% during the fourth quarter. First Interstate Bank now owns 1,212,934 shares of the company’s stock worth $57,966,000 after buying an additional 15,183 shares in the last quarter. Breachway Investments LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $1,234,000. Finally, Stonebridge Financial Group LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 3,578.4% during the 4th quarter. Stonebridge Financial Group LLC now owns 304,126 shares of the company’s stock valued at $14,534,000 after acquiring an additional 295,858 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 0.9%

BATS PAVE opened at $56.20 on Wednesday. The company has a market cap 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 has a twelve month low of $44.28 and a twelve month high of $60.43. The business’s fifty day moving average is $56.88 and its 200 day moving average is $54.32.

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.