Connecticut Wealth Management LLC Increases Stock Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Connecticut Wealth Management LLC increased its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 232.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,133 shares of the company’s stock after buying an additional 36,436 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAVE. Jane Street Group LLC grew its stake in Global X U.S. Infrastructure Development ETF by 11.1% during the 1st quarter. Jane Street Group LLC now owns 20,867 shares of the company’s stock worth $787,000 after buying an additional 2,081 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Global X U.S. Infrastructure Development ETF by 1,294.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 22,442 shares of the company’s stock worth $978,000 after buying an additional 20,833 shares during the last quarter. Diversify Advisory Services LLC grew its stake in Global X U.S. Infrastructure Development ETF by 6.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 29,047 shares of the company’s stock worth $1,354,000 after buying an additional 1,806 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth $2,070,000. Finally, Quantinno Capital Management LP grew its stake in Global X U.S. Infrastructure Development ETF by 36.8% during the 2nd quarter. Quantinno Capital Management LP now owns 9,118 shares of the company’s stock worth $397,000 after buying an additional 2,451 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock opened at $57.18 on Friday. Global X U.S. Infrastructure Development ETF has a 1-year low of $41.65 and a 1-year high of $58.55. The stock’s fifty day moving average price is $55.42 and its 200 day moving average price is $52.55. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24.

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.