JNBA Financial Advisors Buys 19,639 Shares of Global X U.S. Infrastructure Development ETF $PAVE

JNBA Financial Advisors grew its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1,788.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,737 shares of the company’s stock after buying an additional 19,639 shares during the quarter. JNBA Financial Advisors’ holdings in Global X U.S. Infrastructure Development ETF were worth $1,353,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Global X U.S. Infrastructure Development ETF by 43.3% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock worth $454,147,000 after buying an additional 2,699,000 shares during the period. JPMorgan Chase & Co. increased its stake in 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 worth $226,353,000 after buying an additional 1,106,276 shares in the last quarter. Bank of America Corp DE raised its holdings in Global X U.S. Infrastructure Development ETF by 3.7% during the first quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock valued at $1,295,627,000 after acquiring an additional 903,562 shares during the period. Bank of Montreal Can raised its holdings in Global X U.S. Infrastructure Development ETF by 3.7% during the fourth quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock valued at $1,177,704,000 after acquiring an additional 868,412 shares during the period. Finally, EP Wealth Advisors LLC bought a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at about $35,769,000.

Global X U.S. Infrastructure Development ETF Stock Down 1.1%

Shares of Global X U.S. Infrastructure Development ETF stock opened at $54.70 on Tuesday. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The stock’s 50-day simple moving average is $57.19 and its 200-day simple moving average is $55.53. Global X U.S. Infrastructure Development ETF has a 52 week low of $45.44 and a 52 week high of $60.43.

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