Cardinal Point Capital Management ULC acquired a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,816 shares of the company’s stock, valued at approximately $462,000.
Other large investors have also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the third quarter valued at $25,000. Darwin Wealth Management LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth about $25,000. Atlantic Union Bankshares Corp acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth about $26,000. Avalon Trust Co purchased a new position in Global X U.S. Infrastructure Development ETF in the second quarter valued at approximately $29,000. Finally, Motco purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at $34,000.
Global X U.S. Infrastructure Development ETF Trading Up 0.4%
Shares of PAVE opened at $54.89 on Tuesday. The company’s 50 day simple moving average is $50.03 and its 200-day simple moving average is $48.06. Global X U.S. Infrastructure Development ETF has a 12-month low of $32.65 and a 12-month high of $55.15. The firm has a market cap of $10.84 billion, a PE 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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