Great Valley Advisor Group Inc. Purchases 11,452 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Great Valley Advisor Group Inc. boosted its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 535,835 shares of the company’s stock after purchasing an additional 11,452 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $25,608,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in Global X U.S. Infrastructure Development ETF by 7.2% during the 3rd quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock worth $1,155,476,000 after purchasing an additional 1,625,360 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Global X U.S. Infrastructure Development ETF by 4.4% in the 3rd quarter. Bank of Montreal Can now owns 23,774,892 shares of the company’s stock valued at $1,132,398,000 after acquiring an additional 1,001,842 shares during the last quarter. LPL Financial LLC increased its stake in shares of Global X U.S. Infrastructure Development ETF by 4.7% in the 4th quarter. LPL Financial LLC now owns 7,627,988 shares of the company’s stock valued at $364,542,000 after acquiring an additional 340,014 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 37.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock valued at $299,095,000 after acquiring an additional 1,694,808 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 30.5% in the 4th quarter. JPMorgan Chase & Co. now owns 4,736,398 shares of the company’s stock valued at $226,353,000 after acquiring an additional 1,106,276 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock opened at $57.18 on Friday. The stock has a market cap of $11.30 billion, a PE ratio of 23.34 and a beta of 1.24. The stock has a 50-day moving average of $55.42 and a 200-day moving average of $52.55. Global X U.S. Infrastructure Development ETF has a one year low of $41.65 and a one year high of $58.55.

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.