Keeler Thomas Management LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,613 shares of the company’s stock, valued at approximately $767,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the third quarter valued at about $27,000. Axiom Investment Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the first quarter valued at about $28,000. Compass Financial Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the second quarter valued at about $28,000. NBT Bank N A NY acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the first quarter valued at about $29,000. Finally, Clearstead Trust LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter valued at approximately $31,000.
Global X U.S. Infrastructure Development ETF Stock Performance
Shares of PAVE stock opened at $54.45 on Tuesday. The firm’s 50 day moving average price is $53.64 and its 200-day moving average price is $54.72. Global X U.S. Infrastructure Development ETF has a one year low of $45.44 and a one year high of $60.43. The firm has a market cap of $10.76 billion, a P/E ratio of 23.34 and a beta of 1.24.
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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