Harel Insurance Investments & Financial Services Ltd. Increases Stock Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Harel Insurance Investments & Financial Services Ltd. increased its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 43.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,938,139 shares of the company’s stock after buying an additional 2,699,000 shares during the quarter. Global X U.S. Infrastructure Development ETF makes up 3.1% of Harel Insurance Investments & Financial Services Ltd.’s holdings, making the stock its 9th biggest position. Harel Insurance Investments & Financial Services Ltd. owned about 4.52% of Global X U.S. Infrastructure Development ETF worth $454,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Bancorp USA Inc. acquired a new position in Global X U.S. Infrastructure Development ETF during the third quarter worth $163,051,000. Bank of America Corp DE lifted its stake in Global X U.S. Infrastructure Development ETF by 7.2% in the third quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock valued at $1,155,476,000 after acquiring an additional 1,625,360 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Global X U.S. Infrastructure Development ETF by 30.5% in the fourth quarter. JPMorgan Chase & Co. now owns 4,736,398 shares of the company’s stock valued at $226,353,000 after acquiring an additional 1,106,276 shares during the last quarter. Bank of Montreal Can grew its position in shares of Global X U.S. Infrastructure Development ETF by 3.7% in the 4th quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock valued at $1,177,704,000 after acquiring an additional 868,412 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at about $35,769,000.

Global X U.S. Infrastructure Development ETF Price Performance

Global X U.S. Infrastructure Development ETF stock opened at $56.71 on Wednesday. The company’s 50-day moving average is $56.95 and its 200-day moving average is $54.05. The firm has a market capitalization of $11.20 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $43.87 and a fifty-two week 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.