Granville Capital Inc. Acquires New Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Granville Capital Inc. bought a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the third quarter, Holdings Channel.com reports. The firm bought 16,003 shares of the company’s stock, valued at approximately $840,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. grew 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 worth $454,147,000 after buying an additional 2,699,000 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 24.5% during the second quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock worth $299,851,000 after buying an additional 1,001,544 shares in the last quarter. Evergreen Capital Management LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at $49,119,000. Bank of America Corp DE lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 3.7% in the 1st 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 last quarter. Finally, First Interstate Bank bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at $38,817,000.

Global X U.S. Infrastructure Development ETF Stock Up 1.3%

BATS PAVE opened at $53.95 on Thursday. Global X U.S. Infrastructure Development ETF has a twelve month low of $45.44 and a twelve month high of $60.43. The company has a market cap of $13.71 billion, a price-to-earnings ratio of 24.12 and a beta of 1.20. The business’s fifty day moving average is $53.31 and its 200 day moving average is $54.79.

About Global X U.S. Infrastructure Development ETF

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.