Fifth Third Securities Inc. Raises Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Fifth Third Securities Inc. increased its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 62.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,269 shares of the company’s stock after purchasing an additional 34,468 shares during the quarter. Fifth Third Securities Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Congress Wealth Management LLC DE lifted its position in Global X U.S. Infrastructure Development ETF by 18.6% during the fourth quarter. Congress Wealth Management LLC DE now owns 2,956,322 shares of the company’s stock valued at $101,875,000 after purchasing an additional 463,636 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 15.7% during 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 in the last quarter. Principal Financial Group Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter valued at approximately $103,108,000. Meitav Investment House Ltd. increased its holdings in Global X U.S. Infrastructure Development ETF by 16.6% in the 1st quarter. Meitav Investment House Ltd. now owns 2,454,227 shares of the company’s stock worth $97,721,000 after acquiring an additional 350,000 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Global X U.S. Infrastructure Development ETF by 11.0% during 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.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of Global X U.S. Infrastructure Development ETF stock traded down $0.28 during trading hours on Monday, hitting $37.06. The company’s stock had a trading volume of 671,537 shares. The company has a market cap of $7.10 billion, a PE ratio of 20.28 and a beta of 1.13. The business has a 50 day moving average price of $37.71 and a two-hundred day moving average price of $37.84. Global X U.S. Infrastructure Development ETF has a 12-month low of $13.80 and a 12-month high of $17.80.

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.