Global X U.S. Infrastructure Development ETF $PAVE Shares Newly Purchased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 29,820 shares of the company’s stock, valued at approximately $1,566,000.

Several other hedge funds have also recently modified their holdings of the company. TD Waterhouse Canada Inc. lifted its holdings in Global X U.S. Infrastructure Development ETF by 57.7% during the second quarter. TD Waterhouse Canada Inc. now owns 28,311 shares of the company’s stock worth $1,668,000 after acquiring an additional 10,356 shares during the period. Capital Advantage Inc. boosted its position in Global X U.S. Infrastructure Development ETF by 8.4% in the second quarter. Capital Advantage Inc. now owns 128,370 shares of the company’s stock worth $7,564,000 after purchasing an additional 9,927 shares during the last quarter. Petra Financial Advisors Inc. purchased a new position in Global X U.S. Infrastructure Development ETF in the first quarter worth $461,000. Integrated Wealth Concepts LLC boosted its position in Global X U.S. Infrastructure Development ETF by 111.0% in the second quarter. Integrated Wealth Concepts LLC now owns 75,832 shares of the company’s stock worth $4,468,000 after purchasing an additional 39,885 shares during the last quarter. Finally, First Heartland Consultants Inc. purchased a new position in Global X U.S. Infrastructure Development ETF in the third quarter worth $2,117,000.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS:PAVE traded up $0.41 during trading on Friday, reaching $51.14. The company’s stock had a trading volume of 1,991,201 shares, compared to its average volume of 1,750,635. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The firm has a 50 day moving average of $53.38 and a 200-day moving average of $54.75. Global X U.S. Infrastructure Development ETF has a 12 month low of $45.44 and a 12 month 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.