Steelhead Wealth Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) during the first quarter, Holdings Channel.com reports. The firm acquired 52,836 shares of the company’s stock, valued at approximately $2,684,000. Global X U.S. Infrastructure Development ETF comprises approximately 1.4% of Steelhead Wealth Management LLC’s portfolio, making the stock its 17th biggest holding.
A number of other institutional investors have also made changes to their positions in PAVE. Darwin Wealth Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the 2nd quarter worth approximately $25,000. eCIO Inc. acquired a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $27,000. Axiom Investment Management LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF in the first quarter valued at approximately $28,000. NBT Bank N A NY bought a new position in shares of Global X U.S. Infrastructure Development ETF in the first quarter valued at approximately $29,000. Finally, Clearstead Trust LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF in the first quarter valued at approximately $31,000.
Global X U.S. Infrastructure Development ETF Stock Performance
Shares of Global X U.S. Infrastructure Development ETF stock opened at $56.36 on Monday. The firm has a fifty day simple moving average of $57.13 and a 200-day simple moving average of $54.73. The stock has a market capitalization of $11.13 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 1-year low of $44.28 and a 1-year high of $60.43.
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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