Kestra Investment Management LLC raised its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 9.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,806,103 shares of the company’s stock after buying an additional 159,802 shares during the period. Global X U.S. Infrastructure Development ETF comprises about 1.8% of Kestra Investment Management LLC’s holdings, making the stock its 15th largest position. Kestra Investment Management LLC owned approximately 0.91% of Global X U.S. Infrastructure Development ETF worth $94,820,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of PAVE. Beaumont Financial Advisors LLC grew its stake in shares of Global X U.S. Infrastructure Development ETF by 1.1% in the 1st quarter. Beaumont Financial Advisors LLC now owns 16,949 shares of the company’s stock worth $861,000 after acquiring an additional 180 shares in the last quarter. American Institute for Advanced Investment Management LLP raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 0.5% in the third quarter. American Institute for Advanced Investment Management LLP now owns 40,965 shares of the company’s stock valued at $2,151,000 after purchasing an additional 206 shares during the last quarter. Willner & Heller LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 1.2% during the third quarter. Willner & Heller LLC now owns 17,721 shares of the company’s stock valued at $930,000 after purchasing an additional 208 shares in the last quarter. Castleview Partners LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 2.1% during the third quarter. Castleview Partners LLC now owns 11,082 shares of the company’s stock valued at $582,000 after purchasing an additional 224 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Global X U.S. Infrastructure Development ETF by 0.4% during the second quarter. Baird Financial Group Inc. now owns 62,115 shares of the company’s stock worth $3,660,000 after purchasing an additional 230 shares during the last quarter.
Global X U.S. Infrastructure Development ETF Stock Performance
Global X U.S. Infrastructure Development ETF stock opened at $53.33 on Tuesday. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $45.44 and a fifty-two week high of $60.43. The firm’s 50-day simple moving average is $53.34 and its 200 day simple moving average is $54.76. The stock has a market cap of $13.56 billion, a PE ratio of 24.12 and a beta of 1.20.
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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