13,202 Shares of Global X U.S. Infrastructure Development ETF $PAVE Bought by Investment Partners LTD.

Investment Partners LTD. purchased a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 13,202 shares of the company’s stock, valued at approximately $693,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE increased its holdings in Global X U.S. Infrastructure Development ETF by 3.7% during the first quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock worth $1,295,627,000 after buying an additional 903,562 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 43.3% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock valued at $454,147,000 after purchasing an additional 2,699,000 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Global X U.S. Infrastructure Development ETF by 24.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock valued at $299,851,000 after acquiring an additional 1,001,544 shares during the period. Royal Bank of Canada increased its stake in shares of Global X U.S. Infrastructure Development ETF by 8.1% during the first quarter. Royal Bank of Canada now owns 1,610,656 shares of the company’s stock worth $81,837,000 after purchasing an additional 120,091 shares during the period. Finally, Principal Financial Group Inc. increased its position in Global X U.S. Infrastructure Development ETF by 46.0% during the 1st quarter. Principal Financial Group Inc. now owns 1,567,475 shares of the company’s stock worth $79,643,000 after buying an additional 494,075 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

PAVE opened at $53.52 on Monday. The stock has a fifty day moving average of $53.68 and a 200-day moving average of $54.70. The company has a market capitalization of $10.57 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $45.44 and a fifty-two week high of $60.43.

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.