Tower Research Capital LLC TRC Buys New Shares in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Tower Research Capital LLC TRC purchased a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 118,244 shares of the company’s stock, valued at approximately $4,778,000. Tower Research Capital LLC TRC owned approximately 0.06% of Global X U.S. Infrastructure Development ETF at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in PAVE. Bank of Montreal Can lifted its position in shares of Global X U.S. Infrastructure Development ETF by 10.7% in the fourth quarter. Bank of Montreal Can now owns 22,235,543 shares of the company’s stock valued at $898,538,000 after buying an additional 2,158,009 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Global X U.S. Infrastructure Development ETF by 24.6% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,418,750 shares of the company’s stock valued at $300,890,000 after purchasing an additional 1,464,000 shares during the last quarter. LPL Financial LLC boosted its position in Global X U.S. Infrastructure Development ETF by 21.3% during the fourth quarter. LPL Financial LLC now owns 6,776,463 shares of the company’s stock worth $273,837,000 after purchasing an additional 1,191,666 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 752.6% in the fourth quarter. JPMorgan Chase & Co. now owns 5,604,605 shares of the company’s stock valued at $226,482,000 after purchasing an additional 4,947,263 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Global X U.S. Infrastructure Development ETF by 40.0% in the fourth quarter. Principal Financial Group Inc. now owns 3,479,800 shares of the company’s stock valued at $140,619,000 after purchasing an additional 994,800 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE stock opened at $36.21 on Monday. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 20.85 and a beta of 1.21. Global X U.S. Infrastructure Development ETF has a 52 week low of $32.65 and a 52 week high of $46.18. The company has a 50-day simple moving average of $38.36 and a 200 day simple moving average of $41.12.

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.