Norris Financial Group LLC Acquires New Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Norris Financial Group LLC bought a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 36,420 shares of the company’s stock, valued at approximately $1,850,000.

Several other hedge funds have also added to or reduced their stakes in PAVE. Jane Street Group LLC increased its position in Global X U.S. Infrastructure Development ETF by 11.1% in the 1st quarter. Jane Street Group LLC now owns 20,867 shares of the company’s stock valued at $787,000 after acquiring an additional 2,081 shares during the period. Russell Investments Group Ltd. increased its holdings in 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 purchasing an additional 20,833 shares during the period. Diversify Advisory Services LLC raised its position in Global X U.S. Infrastructure Development ETF by 6.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 29,047 shares of the company’s stock worth $1,354,000 after purchasing an additional 1,806 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth about $2,070,000. Finally, Quantinno Capital Management LP increased its position in Global X U.S. Infrastructure Development ETF by 36.8% during the 2nd quarter. Quantinno Capital Management LP now owns 9,118 shares of the company’s stock valued at $397,000 after purchasing an additional 2,451 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Up 2.0%

PAVE stock opened at $56.10 on Friday. The firm has a market cap of $11.08 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. The company’s fifty day simple moving average is $57.10 and its 200 day simple moving average is $54.69.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.