Focus Partners Wealth Raises Stock Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Focus Partners Wealth lifted its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1,198.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 562,870 shares of the company’s stock after buying an additional 519,507 shares during the period. Focus Partners Wealth owned approximately 0.29% of Global X U.S. Infrastructure Development ETF worth $22,746,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elyxium Wealth LLC grew its position in Global X U.S. Infrastructure Development ETF by 14.1% during the 4th quarter. Elyxium Wealth LLC now owns 147,860 shares of the company’s stock worth $5,975,000 after purchasing an additional 18,328 shares during the last quarter. FWL Investment Management LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 11,795.2% in the 4th quarter. FWL Investment Management LLC now owns 2,498 shares of the company’s stock valued at $101,000 after acquiring an additional 2,477 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $775,000. Capital Advantage Inc. boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 4.0% in the 4th quarter. Capital Advantage Inc. now owns 92,025 shares of the company’s stock valued at $3,719,000 after acquiring an additional 3,564 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 14.8% in the 4th quarter. Captrust Financial Advisors now owns 18,842 shares of the company’s stock valued at $761,000 after acquiring an additional 2,430 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE stock opened at $40.14 on Monday. The firm’s fifty day simple moving average is $37.65 and its 200-day simple moving average is $40.79. The company has a market capitalization of $7.77 billion, a P/E ratio of 23.02 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12 month low of $32.65 and a 12 month high of $46.18.

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.