PNC Financial Services Group Inc. Raises Holdings in Global X U.S. Infrastructure Development ETF $PAVE

PNC Financial Services Group Inc. lifted its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 135.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,250 shares of the company’s stock after purchasing an additional 47,840 shares during the period. PNC Financial Services Group Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $4,230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jane Street Group LLC increased its position in Global X U.S. Infrastructure Development ETF by 11.1% during the first quarter. Jane Street Group LLC now owns 20,867 shares of the company’s stock worth $787,000 after buying an additional 2,081 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 1,294.8% in the second quarter. Russell Investments Group Ltd. now owns 22,442 shares of the company’s stock valued at $978,000 after acquiring an additional 20,833 shares during the period. Diversify Advisory Services LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 6.6% in the second quarter. Diversify Advisory Services LLC now owns 29,047 shares of the company’s stock valued at $1,354,000 after acquiring an additional 1,806 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth approximately $2,070,000. Finally, Quantinno Capital Management LP grew its position in shares of Global X U.S. Infrastructure Development ETF by 36.8% during the second quarter. Quantinno Capital Management LP now owns 9,118 shares of the company’s stock worth $397,000 after acquiring an additional 2,451 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of Global X U.S. Infrastructure Development ETF stock opened at $57.48 on Tuesday. The firm’s fifty day simple moving average is $56.99 and its 200-day simple moving average is $54.55. The stock has a market capitalization of $11.36 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12 month low of $44.28 and a 12 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.