Nwam LLC Makes New $1.41 Million Investment in Global X U.S. Infrastructure Development ETF $PAVE

Nwam LLC purchased a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 23,852 shares of the company’s stock, valued at approximately $1,405,000.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.7% during the first quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock worth $1,295,627,000 after purchasing an additional 903,562 shares during the last quarter. Bank of Montreal Can increased its stake in Global X U.S. Infrastructure Development ETF by 3.7% in the fourth quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock valued at $1,177,704,000 after purchasing an additional 868,412 shares during the last quarter. Morgan Stanley increased its stake in Global X U.S. Infrastructure Development ETF by 2.9% in the fourth quarter. Morgan Stanley now owns 10,218,475 shares of the company’s stock valued at $488,341,000 after purchasing an additional 288,691 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Global X U.S. Infrastructure Development ETF by 43.3% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock valued at $454,147,000 after purchasing an additional 2,699,000 shares during the last quarter. Finally, LPL Financial LLC lifted its position in Global X U.S. Infrastructure Development ETF by 4.7% during the fourth quarter. LPL Financial LLC now owns 7,627,988 shares of the company’s stock worth $364,542,000 after buying an additional 340,014 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Down 1.4%

Shares of BATS:PAVE opened at $53.92 on Wednesday. The stock’s 50-day moving average price is $57.11 and its two-hundred day moving average price is $55.52. Global X U.S. Infrastructure Development ETF has a 12-month low of $45.44 and a 12-month high of $60.43. The firm has a market cap of $10.65 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.