Crewe Advisors LLC Boosts Stake in Global X U.S. Infrastructure Development ETF $PAVE

Crewe Advisors LLC lifted its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 25.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,473 shares of the company’s stock after acquiring an additional 497 shares during the period. Crewe Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Citigroup Inc. boosted its holdings in Global X U.S. Infrastructure Development ETF by 2,086.2% in the 1st quarter. Citigroup Inc. now owns 1,325,328 shares of the company’s stock worth $50,005,000 after buying an additional 1,264,705 shares during the period. Principal Financial Group Inc. increased its stake in Global X U.S. Infrastructure Development ETF by 7.5% in the 1st quarter. Principal Financial Group Inc. now owns 3,740,600 shares of the company’s stock worth $141,133,000 after buying an additional 260,800 shares in the last quarter. HighTower Advisors LLC increased its stake in Global X U.S. Infrastructure Development ETF by 35.0% in the 1st quarter. HighTower Advisors LLC now owns 768,330 shares of the company’s stock worth $28,989,000 after buying an additional 199,384 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Global X U.S. Infrastructure Development ETF in the 2nd quarter worth $7,743,000. Finally, 5th Street Advisors LLC increased its stake in Global X U.S. Infrastructure Development ETF by 1,659.0% in the 1st quarter. 5th Street Advisors LLC now owns 153,154 shares of the company’s stock worth $5,778,000 after buying an additional 144,447 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE stock opened at $47.18 on Monday. Global X U.S. Infrastructure Development ETF has a 52-week low of $32.65 and a 52-week high of $46.26. The firm has a market capitalization of $9.32 billion, a PE ratio of 23.34 and a beta of 1.24. The stock has a fifty day simple moving average of $46.83 and a two-hundred day simple moving average of $43.36.

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.