Burke & Herbert Bank & Trust Co. Invests $2.20 Million in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Burke & Herbert Bank & Trust Co. bought a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 59,420 shares of the company’s stock, valued at approximately $2,200,000.

Other large investors also recently modified their holdings of the company. Peddock Capital Advisors LLC grew its stake in Global X U.S. Infrastructure Development ETF by 2.2% in the 4th quarter. Peddock Capital Advisors LLC now owns 82,969 shares of the company’s stock worth $2,859,000 after acquiring an additional 1,815 shares in the last quarter. RFG Advisory LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth $221,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 185.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 136,000 shares of the company’s stock worth $4,697,000 after acquiring an additional 88,325 shares during the period. Van ECK Associates Corp increased its stake in shares of Global X U.S. Infrastructure Development ETF by 10.1% in the fourth quarter. Van ECK Associates Corp now owns 95,421 shares of the company’s stock worth $3,288,000 after acquiring an additional 8,749 shares during the period. Finally, Orion Portfolio Solutions LLC grew its position in Global X U.S. Infrastructure Development ETF by 70.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 35,430 shares of the company’s stock valued at $1,195,000 after buying an additional 14,662 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Up 1.3 %

PAVE traded up $0.49 during midday trading on Tuesday, hitting $37.55. 729,666 shares of the company traded hands. The business has a 50 day simple moving average of $37.71 and a two-hundred day simple moving average of $37.84. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 52-week low of $13.80 and a 52-week 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.