Copley Financial Group Inc. Acquires New Shares in Global X U.S. Infrastructure Development ETF $PAVE

Copley Financial Group Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 4th quarter, HoldingsChannel.com reports. The fund bought 125,750 shares of the company’s stock, valued at approximately $6,010,000. Global X U.S. Infrastructure Development ETF comprises approximately 3.7% of Copley Financial Group Inc.’s holdings, making the stock its 9th largest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cary Street Partners Financial LLC lifted its stake in Global X U.S. Infrastructure Development ETF by 75.4% in the 3rd quarter. Cary Street Partners Financial LLC now owns 70,149 shares of the company’s stock valued at $3,341,000 after purchasing an additional 30,155 shares during the last quarter. Capital Asset Advisory Services LLC grew its stake in shares of Global X U.S. Infrastructure Development ETF by 4.4% during the fourth quarter. Capital Asset Advisory Services LLC now owns 990,479 shares of the company’s stock worth $49,494,000 after buying an additional 41,513 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Global X U.S. Infrastructure Development ETF by 4.2% during the third quarter. JPMorgan Chase & Co. now owns 3,630,122 shares of the company’s stock worth $172,903,000 after buying an additional 145,059 shares during the last quarter. Elm3 Financial Group LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth $440,000. Finally, Stonebridge Financial Group LLC increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 3,578.4% during the fourth quarter. Stonebridge Financial Group LLC now owns 304,126 shares of the company’s stock worth $14,534,000 after buying an additional 295,858 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE opened at $58.50 on Wednesday. Global X U.S. Infrastructure Development ETF has a 52 week low of $41.65 and a 52 week high of $59.16. The stock has a market capitalization of $11.56 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The stock has a fifty day moving average of $55.82 and a 200-day moving average of $52.77.

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.