JPMorgan Chase & Co. Buys 2,570,976 Shares of Global X U.S. Infrastructure Development ETF $PAVE

JPMorgan Chase & Co. increased its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 281.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,485,063 shares of the company’s stock after purchasing an additional 2,570,976 shares during the period. JPMorgan Chase & Co. owned 1.76% of Global X U.S. Infrastructure Development ETF worth $151,879,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Atlantic Union Bankshares Corp purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the second quarter worth about $26,000. Avalon Trust Co purchased a new stake in Global X U.S. Infrastructure Development ETF in the 2nd quarter worth approximately $29,000. Private Wealth Asset Management LLC bought a new position in Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at $32,000. Global Trust Asset Management LLC bought a new position in Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at $35,000. Finally, Elevation Wealth Partners LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at $52,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Global X U.S. Infrastructure Development ETF stock opened at $48.35 on Thursday. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $32.65 and a fifty-two week high of $46.26. The stock has a market cap of $9.55 billion, a P/E ratio of 23.34 and a beta of 1.24. The firm’s fifty day moving average price is $47.47 and its 200-day moving average price is $45.50.

Global X U.S. Infrastructure Development ETF Company 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.