Parallel Advisors LLC Boosts Stake in Global X U.S. Infrastructure Development ETF $PAVE

Parallel Advisors LLC lifted its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 220.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,691 shares of the company’s stock after purchasing 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 quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PAVE. Jane Street Group LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 11.1% in the first quarter. Jane Street Group LLC now owns 20,867 shares of the company’s stock valued at $787,000 after acquiring an additional 2,081 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 1,294.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 22,442 shares of the company’s stock valued at $978,000 after acquiring an additional 20,833 shares during the period. Diversify Advisory Services LLC raised its position in Global X U.S. Infrastructure Development ETF by 6.6% in the 2nd quarter. Diversify Advisory Services LLC now owns 29,047 shares of the company’s stock valued at $1,354,000 after purchasing an additional 1,806 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at $2,070,000. Finally, Quantinno Capital Management LP raised its position in Global X U.S. Infrastructure Development ETF by 36.8% in the 2nd quarter. Quantinno Capital Management LP now owns 9,118 shares of the company’s stock valued at $397,000 after purchasing an additional 2,451 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS:PAVE opened at $58.35 on Friday. Global X U.S. Infrastructure Development ETF has a 1-year low of $45.29 and a 1-year high of $60.43. The stock has a market cap of $11.53 billion, a P/E ratio of 23.34 and a beta of 1.24. The firm has a fifty day moving average price of $57.30 and a 200 day moving average price of $54.94.

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.