Janney Montgomery Scott LLC lifted its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 14.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 380,581 shares of the company’s stock after acquiring an additional 48,252 shares during the period. Janney Montgomery Scott LLC owned 0.19% of Global X U.S. Infrastructure Development ETF worth $19,337,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Bancorp USA Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF during the third quarter worth about $163,051,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Global X U.S. Infrastructure Development ETF by 37.3% in 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 during the last quarter. Bank of America Corp DE boosted its holdings in Global X U.S. Infrastructure Development ETF by 7.2% in 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 during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Global X U.S. Infrastructure Development ETF by 30.5% in the 4th quarter. JPMorgan Chase & Co. now owns 4,736,398 shares of the company’s stock valued at $226,353,000 after buying an additional 1,106,276 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of Global X U.S. Infrastructure Development ETF by 4.4% in 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 buying an additional 1,001,842 shares during the period.
Global X U.S. Infrastructure Development ETF Price Performance
Shares of BATS PAVE opened at $58.92 on Wednesday. The company has a market capitalization of $11.64 billion, a P/E ratio of 23.34 and a beta of 1.24. The company has a 50 day simple moving average of $56.78 and a 200-day simple moving average of $53.49. Global X U.S. Infrastructure Development ETF has a 1 year low of $43.32 and a 1 year high of $60.43.
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. PAVE was launched on Mar 6, 2017 and is managed by Global X.
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