Richardson Capital Management LLC Has $39,000 Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Richardson Capital Management LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 422.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 977 shares of the company’s stock after buying an additional 790 shares during the quarter. Richardson Capital Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $39,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PAVE. JPMorgan Chase & Co. raised its stake in shares of Global X U.S. Infrastructure Development ETF by 25.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,532,657 shares of the company’s stock valued at $137,702,000 after acquiring an additional 932,741 shares in the last quarter. Congress Wealth Management LLC DE boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 18.6% during the 4th quarter. Congress Wealth Management LLC DE now owns 2,956,322 shares of the company’s stock worth $101,875,000 after buying an additional 463,636 shares during the period. CIBC Private Wealth Group LLC grew its stake in Global X U.S. Infrastructure Development ETF by 15.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,679,566 shares of the company’s stock valued at $92,338,000 after buying an additional 362,821 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Global X U.S. Infrastructure Development ETF by 11.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,104,458 shares of the company’s stock worth $72,520,000 after acquiring an additional 208,079 shares during the period. Finally, Meitav Investment House Ltd. boosted its holdings in Global X U.S. Infrastructure Development ETF by 23.3% during the fourth quarter. Meitav Investment House Ltd. now owns 2,104,227 shares of the company’s stock valued at $72,746,000 after acquiring an additional 397,578 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE stock traded up $0.08 on Friday, reaching $37.02. 1,512,678 shares of the company were exchanged. Global X U.S. Infrastructure Development ETF has a 12 month low of $13.80 and a 12 month high of $17.80. The stock’s fifty day moving average price is $38.12 and its 200 day moving average price is $36.96. The firm has a market capitalization of $7.09 billion, a PE ratio of 20.28 and a beta of 1.13.

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.