REDW Wealth LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 46.9% in the first quarter, Holdings Channel reports. The institutional investor owned 49,685 shares of the company’s stock after buying an additional 15,870 shares during the quarter. Global X U.S. Infrastructure Development ETF accounts for about 0.7% of REDW Wealth LLC’s holdings, making the stock its 28th biggest position. REDW Wealth LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in Global X U.S. Infrastructure Development ETF by 8.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,870 shares of the company’s stock valued at $2,825,000 after buying an additional 5,755 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in Global X U.S. Infrastructure Development ETF by 5.7% during the first quarter. Dynamic Advisor Solutions LLC now owns 8,011 shares of the company’s stock valued at $302,000 after buying an additional 429 shares during the last quarter. Northern Trust Corp raised its stake in Global X U.S. Infrastructure Development ETF by 25.4% during the fourth quarter. Northern Trust Corp now owns 84,692 shares of the company’s stock valued at $3,422,000 after buying an additional 17,160 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at $771,000. Finally, Fifth Third Bancorp raised its stake in Global X U.S. Infrastructure Development ETF by 40.6% during the first quarter. Fifth Third Bancorp now owns 4,279 shares of the company’s stock valued at $161,000 after buying an additional 1,236 shares during the last quarter.
Global X U.S. Infrastructure Development ETF Trading Up 8.2%
Shares of BATS:PAVE opened at $44.83 on Friday. Global X U.S. Infrastructure Development ETF has a 12-month low of $32.65 and a 12-month high of $46.18. The stock has a fifty day simple moving average of $41.75 and a two-hundred day simple moving average of $40.40. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24.
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.
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