LPL Financial LLC Purchases 340,014 Shares of Global X U.S. Infrastructure Development ETF $PAVE

LPL Financial LLC raised its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 4.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,627,988 shares of the company’s stock after purchasing an additional 340,014 shares during the quarter. LPL Financial LLC owned 3.86% of Global X U.S. Infrastructure Development ETF worth $364,542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PAVE. CIBC Bancorp USA Inc. bought a new stake in Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at about $163,051,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in Global X U.S. Infrastructure Development ETF by 37.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock valued at $299,095,000 after purchasing an additional 1,694,808 shares in the last quarter. Bank of America Corp DE increased its stake in Global X U.S. Infrastructure Development ETF by 7.2% during the 3rd quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock valued at $1,155,476,000 after purchasing an additional 1,625,360 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Global X U.S. Infrastructure Development ETF by 30.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,736,398 shares of the company’s stock valued at $226,353,000 after purchasing an additional 1,106,276 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Global X U.S. Infrastructure Development ETF by 4.4% during the 3rd quarter. Bank of Montreal Can now owns 23,774,892 shares of the company’s stock valued at $1,132,398,000 after purchasing an additional 1,001,842 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS:PAVE opened at $56.51 on Tuesday. The firm has a market cap of $11.16 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $41.65 and a fifty-two week high of $58.55. The firm has a 50-day simple moving average of $55.02 and a two-hundred day simple moving average of $52.33.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.