ARQ Wealth Advisors LLC Takes Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

ARQ Wealth Advisors LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,053 shares of the company’s stock, valued at approximately $1,215,000.

A number of other large investors have also modified their holdings of the business. Ameliora Wealth Management Ltd. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $162,000. Proficio Capital Partners LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth $771,000. Janney Montgomery Scott LLC lifted its holdings in Global X U.S. Infrastructure Development ETF by 1.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 193,541 shares of the company’s stock valued at $7,821,000 after purchasing an additional 3,410 shares in the last quarter. US Bancorp DE boosted its position in Global X U.S. Infrastructure Development ETF by 205.0% during the fourth quarter. US Bancorp DE now owns 20,514 shares of the company’s stock worth $829,000 after acquiring an additional 13,787 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Global X U.S. Infrastructure Development ETF by 25.7% in the fourth quarter. Van ECK Associates Corp now owns 129,667 shares of the company’s stock valued at $5,240,000 after purchasing an additional 26,484 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

PAVE opened at $41.23 on Friday. The stock has a market capitalization of $7.98 billion, a PE ratio of 23.02 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 1 year low of $32.65 and a 1 year high of $46.18. The company’s 50 day simple moving average is $38.34 and its 200 day simple moving average is $40.82.

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.