Conservest Capital Advisors Inc. Has $2.07 Million Stock Position in Global X U.S. Infrastructure Development ETF $PAVE

Conservest Capital Advisors Inc. raised its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 230.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,658 shares of the company’s stock after buying an additional 28,357 shares during the quarter. Conservest Capital Advisors Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,066,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. CIBC Bancorp USA Inc. bought a new position in Global X U.S. Infrastructure Development ETF during the third quarter worth $163,051,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 37.3% during the fourth 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 period. Bank of America Corp DE boosted its position in shares of 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 worth $1,155,476,000 after purchasing an additional 1,625,360 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of 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 worth $226,353,000 after purchasing an additional 1,106,276 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Global X U.S. Infrastructure Development ETF by 3.7% in the 4th quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock valued at $1,177,704,000 after buying an additional 868,412 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of Global X U.S. Infrastructure Development ETF stock opened at $56.71 on Wednesday. The business has a 50-day simple moving average of $56.95 and a 200 day simple moving average of $54.05. Global X U.S. Infrastructure Development ETF has a one year low of $43.87 and a one year high of $60.43. The firm has a market capitalization of $11.20 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24.

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.