Global X U.S. Infrastructure Development ETF $PAVE Shares Newly Bought by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. bought a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 23,375 shares of the company’s stock, valued at approximately $1,227,000.

Other large investors also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in Global X U.S. Infrastructure Development ETF by 3.7% during the 1st quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock worth $1,295,627,000 after buying an additional 903,562 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 43.3% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock valued at $454,147,000 after acquiring an additional 2,699,000 shares during the period. Envestnet Asset Management Inc. raised its holdings in Global X U.S. Infrastructure Development ETF by 24.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock worth $299,851,000 after purchasing an additional 1,001,544 shares during the last quarter. Royal Bank of Canada lifted its position in Global X U.S. Infrastructure Development ETF by 8.1% during the 1st quarter. Royal Bank of Canada now owns 1,610,656 shares of the company’s stock valued at $81,837,000 after purchasing an additional 120,091 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Global X U.S. Infrastructure Development ETF by 46.0% during the 1st quarter. Principal Financial Group Inc. now owns 1,567,475 shares of the company’s stock valued at $79,643,000 after purchasing an additional 494,075 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS PAVE traded up $0.41 during mid-day trading on Friday, hitting $51.14. The company’s stock had a trading volume of 1,991,201 shares, compared to its average volume of 1,750,635. The stock has a market cap of $10.10 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a one year low of $45.44 and a one year high of $60.43. The company’s fifty day simple moving average is $53.38 and its 200-day simple moving average is $54.75.

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.