Cooper Financial Group increased its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 2.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 591,786 shares of the company’s stock after purchasing an additional 15,398 shares during the quarter. Global X U.S. Infrastructure Development ETF makes up 2.5% of Cooper Financial Group’s holdings, making the stock its 9th biggest position. Cooper Financial Group’s holdings in Global X U.S. Infrastructure Development ETF were worth $31,069,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Compass Financial Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the second quarter worth $28,000. Axiom Investment Management LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter worth about $28,000. NBT Bank N A NY purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter worth about $29,000. Clearstead Trust LLC bought a new position in Global X U.S. Infrastructure Development ETF during the 1st quarter valued at about $31,000. Finally, NBH Bank bought a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at about $44,000.
Global X U.S. Infrastructure Development ETF Stock Down 2.5%
Global X U.S. Infrastructure Development ETF stock traded down $1.36 during midday trading on Wednesday, reaching $53.29. The stock had a trading volume of 1,718,756 shares, compared to its average volume of 1,718,312. The firm has a market cap of $10.53 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 52-week low of $45.44 and a 52-week high of $60.43. The company has a fifty day moving average of $55.28 and a 200 day moving average of $55.56.
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.
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