Royal Bank of Canada raised its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 8.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,610,656 shares of the company’s stock after acquiring an additional 120,091 shares during the period. Royal Bank of Canada’s holdings in Global X U.S. Infrastructure Development ETF were worth $81,837,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Darwin Wealth Management LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth $25,000. eCIO Inc. bought a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $27,000. NBT Bank N A NY bought a new stake in Global X U.S. Infrastructure Development ETF in the 1st quarter valued at $29,000. Clearstead Trust LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the 1st quarter worth $31,000. Finally, Millstone Evans Group LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter worth $33,000.
Global X U.S. Infrastructure Development ETF Trading Up 0.5%
PAVE stock opened at $56.36 on Friday. The stock has a 50-day moving average price of $57.13 and a two-hundred day moving average price of $54.70. Global X U.S. Infrastructure Development ETF has a 1 year low of $44.28 and a 1 year high of $60.43. The stock has a market cap of $11.13 billion, a PE ratio of 23.34 and a beta of 1.24.
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.
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Want to see what other hedge funds are holding PAVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report).
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