Park Avenue Securities LLC Makes New Investment in Global X U.S. Infrastructure Development ETF $PAVE

Park Avenue Securities LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 28,116 shares of the company’s stock, valued at approximately $1,339,000.

Other hedge funds have also modified their holdings of the company. APS Management Group Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF during the third quarter valued at $2,531,000. Grandview Asset Management LLC increased its position in Global X U.S. Infrastructure Development ETF by 5.5% in the 3rd quarter. Grandview Asset Management LLC now owns 10,973 shares of the company’s stock worth $523,000 after purchasing an additional 573 shares during the last quarter. Gladstone Institutional Advisory LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF by 3.6% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 12,418 shares of the company’s stock worth $591,000 after purchasing an additional 437 shares in the last quarter. Gries Financial LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at about $214,000. Finally, Autumn Glory Partners LLC grew its stake in shares of Global X U.S. Infrastructure Development ETF by 2.2% in the 3rd quarter. Autumn Glory Partners LLC now owns 15,381 shares of the company’s stock valued at $733,000 after buying an additional 328 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS:PAVE opened at $50.48 on Tuesday. The company has a market capitalization of $9.97 billion, a P/E ratio of 23.34 and a beta of 1.24. The stock’s 50 day moving average price is $48.29 and its 200 day moving average price is $47.09. Global X U.S. Infrastructure Development ETF has a 52 week low of $32.65 and a 52 week high of $46.26.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.