Global X U.S. Infrastructure Development ETF $PAVE Shares Bought by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. grew its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 6.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,683 shares of the company’s stock after acquiring an additional 2,942 shares during the period. Global X U.S. Infrastructure Development ETF comprises about 0.8% of Hazlett Burt & Watson Inc.’s investment portfolio, making the stock its 23rd biggest holding. Hazlett Burt & Watson Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,071,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PAVE. Citigroup Inc. grew its stake in shares of Global X U.S. Infrastructure Development ETF by 2,086.2% during the first quarter. Citigroup Inc. now owns 1,325,328 shares of the company’s stock valued at $50,005,000 after acquiring an additional 1,264,705 shares in the last quarter. Principal Financial Group Inc. grew its stake in Global X U.S. Infrastructure Development ETF by 7.5% in the first quarter. Principal Financial Group Inc. now owns 3,740,600 shares of the company’s stock worth $141,133,000 after purchasing an additional 260,800 shares in the last quarter. HighTower Advisors LLC grew its stake in Global X U.S. Infrastructure Development ETF by 35.0% in the first quarter. HighTower Advisors LLC now owns 768,330 shares of the company’s stock worth $28,989,000 after purchasing an additional 199,384 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the second quarter worth about $7,743,000. Finally, Wolf Group Capital Advisors acquired a new position in Global X U.S. Infrastructure Development ETF in the first quarter worth about $6,348,000.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS:PAVE opened at $46.40 on Monday. The stock has a 50-day simple moving average of $46.64 and a 200 day simple moving average of $43.04. Global X U.S. Infrastructure Development ETF has a one year low of $32.65 and a one year high of $46.26. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24.

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.