Independent Financial Group LLC Takes Position in Global X U.S. Infrastructure Development ETF $PAVE

Independent Financial Group LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 1st quarter, HoldingsChannel.com reports. The fund bought 100,269 shares of the company’s stock, valued at approximately $5,095,000.

Several other institutional investors have also bought and sold shares of PAVE. Bank of Montreal Can raised its position in 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 last quarter. Morgan Stanley boosted its holdings in Global X U.S. Infrastructure Development ETF by 2.9% during the 4th quarter. Morgan Stanley now owns 10,218,475 shares of the company’s stock worth $488,341,000 after acquiring an additional 288,691 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Global X U.S. Infrastructure Development ETF by 43.3% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock worth $454,147,000 after acquiring an additional 2,699,000 shares during the last quarter. LPL Financial LLC boosted its holdings in Global X U.S. Infrastructure Development ETF by 4.7% during the 4th quarter. LPL Financial LLC now owns 7,627,988 shares of the company’s stock worth $364,542,000 after acquiring an additional 340,014 shares during the last quarter. Finally, 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 worth $226,353,000 after acquiring an additional 1,106,276 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

BATS PAVE opened at $56.30 on Friday. The company has a fifty day moving average price of $56.91 and a 200-day moving average price of $54.17. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 1 year low of $44.28 and a 1 year high of $60.43.

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.