Cetera Investment Advisers raised its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 0.6% during the second quarter, HoldingsChannel reports. The fund owned 752,352 shares of the company’s stock after acquiring an additional 4,686 shares during the quarter. Cetera Investment Advisers’ holdings in Global X U.S. Infrastructure Development ETF were worth $32,788,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of PAVE. Atlantic Union Bankshares Corp bought a new position in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth about $26,000. Avalon Trust Co acquired a new stake in Global X U.S. Infrastructure Development ETF during the second quarter valued at approximately $29,000. Private Wealth Asset Management LLC bought a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $32,000. Global Trust Asset Management LLC bought a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $35,000. Finally, Elevation Wealth Partners LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth approximately $52,000.
Global X U.S. Infrastructure Development ETF Trading Up 13.3%
Shares of BATS PAVE opened at $46.96 on Monday. The company has a market capitalization of $9.28 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $46.26. The business has a 50 day simple moving average of $47.43 and a 200-day simple moving average of $45.13.
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.
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