Sovran Advisors LLC Has $2.96 Million Stock Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Sovran Advisors LLC grew its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 138.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,668 shares of the company’s stock after purchasing an additional 35,838 shares during the quarter. Sovran Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sequoia Financial Advisors LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 1.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,961 shares of the company’s stock valued at $783,000 after acquiring an additional 225 shares during the period. Insight Advisors LLC PA grew its position in shares of Global X U.S. Infrastructure Development ETF by 0.9% in the second quarter. Insight Advisors LLC PA now owns 28,739 shares of the company’s stock valued at $1,252,000 after purchasing an additional 270 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in shares of Global X U.S. Infrastructure Development ETF by 6.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 4,691 shares of the company’s stock worth $223,000 after purchasing an additional 287 shares during the period. Princeton Global Asset Management LLC lifted its holdings in Global X U.S. Infrastructure Development ETF by 0.9% during the 3rd quarter. Princeton Global Asset Management LLC now owns 34,666 shares of the company’s stock worth $1,651,000 after purchasing an additional 295 shares during the last quarter. Finally, Royal Harbor Partners LLC lifted its holdings in Global X U.S. Infrastructure Development ETF by 0.8% during the 3rd quarter. Royal Harbor Partners LLC now owns 41,275 shares of the company’s stock worth $1,966,000 after purchasing an additional 325 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

PAVE opened at $51.10 on Monday. The stock has a fifty day moving average of $48.92 and a 200-day moving average of $47.52. The company has a market capitalization of $10.09 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $32.65 and a fifty-two week high of $46.26.

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.