Parallel Advisors LLC grew its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 220.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 59,691 shares of the company’s stock after buying an additional 41,081 shares during the quarter. Parallel Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,033,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Darwin Wealth Management LLC bought a new stake in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $25,000. eCIO Inc. bought a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $27,000. NBT Bank N A NY bought a new position in Global X U.S. Infrastructure Development ETF in the 1st quarter valued at $29,000. Clearstead Trust LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the first quarter worth $31,000. Finally, Fortitude Family Office LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter worth $33,000.
Global X U.S. Infrastructure Development ETF Stock Performance
Shares of PAVE stock opened at $56.20 on Wednesday. Global X U.S. Infrastructure Development ETF has a 52 week low of $44.28 and a 52 week high of $60.43. The stock has a market capitalization of $11.10 billion, a PE ratio of 23.34 and a beta of 1.24. The stock’s fifty day moving average is $56.88 and its 200-day moving average is $54.32.
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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Want to see what other hedge funds are holding PAVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report).
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