Waddell & Associates LLC Increases Stock Position in Global X U.S. Infrastructure Development ETF $PAVE

Waddell & Associates LLC increased its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,892,168 shares of the company’s stock after buying an additional 65,420 shares during the period. Global X U.S. Infrastructure Development ETF comprises approximately 7.6% of Waddell & Associates LLC’s holdings, making the stock its 2nd largest position. Waddell & Associates LLC owned 0.96% of Global X U.S. Infrastructure Development ETF worth $90,124,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PAVE. Root Financial Partners LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the third quarter valued at about $25,000. Darwin Wealth Management LLC bought a new stake in Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at approximately $25,000. Atlantic Union Bankshares Corp purchased a new position in Global X U.S. Infrastructure Development ETF in the 2nd quarter worth approximately $26,000. Avalon Trust Co purchased a new position in Global X U.S. Infrastructure Development ETF in the 2nd quarter worth approximately $29,000. Finally, Motco bought a new position in Global X U.S. Infrastructure Development ETF in the 3rd quarter worth approximately $34,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE opened at $55.65 on Wednesday. The firm has a market cap of $10.99 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 1 year low of $32.65 and a 1 year high of $56.74. The company has a 50 day simple moving average of $51.45 and a two-hundred day simple moving average of $48.78.

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.