CrossGen Wealth LLC Takes $483,000 Position in Global X U.S. Infrastructure Development ETF $PAVE

CrossGen Wealth LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the fourth quarter, Holdings Channel.com reports. The fund purchased 10,100 shares of the company’s stock, valued at approximately $483,000.

Several other institutional investors and hedge funds have also modified their holdings of PAVE. Cary Street Partners Financial LLC lifted its holdings in Global X U.S. Infrastructure Development ETF by 75.4% during the 3rd quarter. Cary Street Partners Financial LLC now owns 70,149 shares of the company’s stock worth $3,341,000 after buying an additional 30,155 shares during the period. Capital Asset Advisory Services LLC increased its stake in shares of Global X U.S. Infrastructure Development ETF by 4.4% in the fourth quarter. Capital Asset Advisory Services LLC now owns 990,479 shares of the company’s stock valued at $49,494,000 after buying an additional 41,513 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 4.2% in the third quarter. JPMorgan Chase & Co. now owns 3,630,122 shares of the company’s stock valued at $172,903,000 after buying an additional 145,059 shares during the period. Elm3 Financial Group LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $440,000. Finally, Waddell & Associates LLC lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 3.6% in the third quarter. Waddell & Associates LLC now owns 1,892,168 shares of the company’s stock worth $90,124,000 after acquiring an additional 65,420 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock opened at $58.56 on Friday. The business’s 50 day simple moving average is $56.09 and its 200 day simple moving average is $52.90. Global X U.S. Infrastructure Development ETF has a one year low of $41.65 and a one year high of $59.21. The stock has a market capitalization of $11.57 billion, a PE ratio of 23.34 and a beta of 1.24.

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.