RiverFront Investment Group LLC increased its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,494,057 shares of the company’s stock after buying an additional 49,905 shares during the period. RiverFront Investment Group LLC owned 0.76% of Global X U.S. Infrastructure Development ETF worth $71,401,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new stake in Global X U.S. Infrastructure Development ETF during the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the second quarter valued at approximately $25,000. eCIO Inc. purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $33,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $33,000.
Global X U.S. Infrastructure Development ETF Price Performance
Shares of BATS:PAVE opened at $55.41 on Monday. The stock has a market cap of $10.95 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12-month low of $40.61 and a 12-month high of $58.55. The business’s 50 day moving average is $53.44 and its 200 day moving average is $51.40.
About Global X U.S. Infrastructure Development ETF
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. PAVE was launched on Mar 6, 2017 and is managed by Global X.
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