Manhattan West Asset Management LLC Buys New Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Manhattan West Asset Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,536 shares of the company’s stock, valued at approximately $300,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. U S Global Investors Inc. acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter worth $34,000. Richardson Capital Management LLC increased its stake in Global X U.S. Infrastructure Development ETF by 422.5% in the 1st quarter. Richardson Capital Management LLC now owns 977 shares of the company’s stock worth $39,000 after purchasing an additional 790 shares in the last quarter. Bell Investment Advisors Inc raised its holdings in Global X U.S. Infrastructure Development ETF by 1,370.8% during the 1st quarter. Bell Investment Advisors Inc now owns 1,059 shares of the company’s stock worth $42,000 after buying an additional 987 shares during the period. First United Bank & Trust purchased a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at about $54,000. Finally, Creekmur Asset Management LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $61,000.

Global X U.S. Infrastructure Development ETF Stock Up 2.2 %

Shares of PAVE stock traded up $0.85 during trading hours on Friday, reaching $39.34. 1,131,571 shares of the stock traded hands. The firm has a market capitalization of $7.54 billion, a PE ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 1-year low of $13.80 and a 1-year high of $17.80. The business has a fifty day moving average price of $37.90 and a 200 day moving average price of $37.52.

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.