CIBC Bancorp USA Inc. Makes New Investment in Global X U.S. Infrastructure Development ETF $PAVE

CIBC Bancorp USA Inc. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,423,289 shares of the company’s stock, valued at approximately $163,051,000.

Several other institutional investors also recently modified their holdings of the business. Root Financial Partners LLC bought a new stake in Global X U.S. Infrastructure Development ETF in the 3rd quarter worth about $25,000. Darwin Wealth Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the 2nd quarter worth about $25,000. Motco bought a new position in Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at about $34,000. Wealth Watch Advisors INC bought a new position in Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at about $39,000. Finally, Founders Financial Alliance LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 472.9% during the 3rd quarter. Founders Financial Alliance LLC now owns 1,014 shares of the company’s stock valued at $48,000 after acquiring an additional 837 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 0.4%

Shares of PAVE stock opened at $50.87 on Wednesday. The company has a 50 day moving average price of $52.67 and a 200-day moving average price of $49.46. Global X U.S. Infrastructure Development ETF has a 52 week low of $32.65 and a 52 week high of $56.74. The firm has a market capitalization of $10.05 billion, a PE ratio of 23.34 and a beta of 1.24.

Global X U.S. Infrastructure Development ETF Company 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.