Global X U.S. Infrastructure Development ETF $PAVE Stock: Parallel Advisors LLC Increases Holdings

Parallel Advisors LLC raised its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 19.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,103 shares of the company’s stock after buying an additional 11,176 shares during the quarter. Parallel Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,628,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC lifted its stake in Global X U.S. Infrastructure Development ETF by 28.9% during the third quarter. Ashton Thomas Private Wealth LLC now owns 8,390 shares of the company’s stock worth $440,000 after purchasing an additional 1,882 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 6.9% during the 3rd quarter. International Assets Investment Management LLC now owns 17,151 shares of the company’s stock worth $910,000 after buying an additional 1,113 shares in the last quarter. Burke & Herbert Bank & Trust Co. acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth $1,227,000. Pekin Hardy Strauss Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth $1,566,000. Finally, Kraematon Investment Advisors Inc. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 2.6% during the 3rd quarter. Kraematon Investment Advisors Inc. now owns 40,934 shares of the company’s stock worth $2,149,000 after buying an additional 1,030 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

BATS:PAVE opened at $51.14 on Monday. The stock’s 50-day simple moving average is $53.38 and its 200 day simple moving average is $54.75. The firm has a market capitalization of $13.00 billion, a PE ratio of 24.12 and a beta of 1.20. Global X U.S. Infrastructure Development ETF has a twelve month low of $45.44 and a twelve month high of $60.43.

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.