124,656 Shares of Global X U.S. Infrastructure Development ETF $PAVE Bought by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 3rd quarter, Holdings Channel reports. The fund acquired 124,656 shares of the company’s stock, valued at approximately $6,544,000.

Several other hedge funds have also recently added to or reduced their stakes in PAVE. Beaumont Financial Advisors LLC grew its holdings in Global X U.S. Infrastructure Development ETF by 1.1% in the 1st quarter. Beaumont Financial Advisors LLC now owns 16,949 shares of the company’s stock valued at $861,000 after buying an additional 180 shares during the last quarter. Stephens Inc. AR increased its position in Global X U.S. Infrastructure Development ETF by 1.4% in the 1st quarter. Stephens Inc. AR now owns 14,302 shares of the company’s stock worth $727,000 after buying an additional 194 shares during the period. Altus Wealth Group LLC increased its position in Global X U.S. Infrastructure Development ETF by 2.6% in the 1st quarter. Altus Wealth Group LLC now owns 7,850 shares of the company’s stock worth $399,000 after buying an additional 200 shares during the period. Castleview Partners LLC increased its position in Global X U.S. Infrastructure Development ETF by 2.1% in the 3rd quarter. Castleview Partners LLC now owns 11,082 shares of the company’s stock worth $582,000 after buying an additional 224 shares during the period. Finally, Baird Financial Group Inc. increased its position in Global X U.S. Infrastructure Development ETF by 0.4% in the 2nd quarter. Baird Financial Group Inc. now owns 62,115 shares of the company’s stock worth $3,660,000 after buying an additional 230 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Up 0.7%

Shares of PAVE stock opened at $53.34 on Thursday. Global X U.S. Infrastructure Development ETF has a 12 month low of $45.44 and a 12 month high of $60.43. The firm has a market cap of $10.54 billion, a PE ratio of 23.34 and a beta of 1.24. The stock has a 50 day moving average of $53.78 and a 200-day moving average of $54.67.

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.