Northbridge Financial Group LLC Buys Shares of 42,455 Global X U.S. Infrastructure Development ETF $PAVE

Northbridge Financial Group LLC bought a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 42,455 shares of the company’s stock, valued at approximately $2,029,000. Global X U.S. Infrastructure Development ETF accounts for about 0.9% of Northbridge Financial Group LLC’s portfolio, making the stock its 25th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in 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 $25,000. Darwin Wealth Management LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the second quarter valued at about $25,000. eCIO Inc. acquired a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $27,000. Fortitude Family Office LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $33,000. Finally, Millstone Evans Group LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $33,000.

Global X U.S. Infrastructure Development ETF Trading Down 1.7%

BATS:PAVE opened at $53.77 on Wednesday. Global X U.S. Infrastructure Development ETF has a 1 year low of $40.61 and a 1 year high of $58.55. The stock has a market cap of $10.62 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The stock has a 50-day moving average price of $53.52 and a two-hundred day moving average price of $51.48.

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.