Global X U.S. Infrastructure Development ETF $PAVE Stock Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC increased its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3,641.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 600,000 shares of the company’s stock after buying an additional 583,962 shares during the period. International Assets Investment Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $31,500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Compass Financial Management LLC bought a new position in Global X U.S. Infrastructure Development ETF in the 2nd quarter worth $28,000. Root Financial Partners LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the 3rd quarter worth $27,000. Axiom Investment Management LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the 1st quarter worth $28,000. NBT Bank N A NY acquired a new position in Global X U.S. Infrastructure Development ETF during the 1st quarter worth $29,000. Finally, Clearstead Trust LLC bought a new stake in Global X U.S. Infrastructure Development ETF during the first quarter valued at about $31,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of BATS:PAVE opened at $53.52 on Friday. The company has a market cap of $10.57 billion, a P/E ratio of 23.34 and a beta of 1.24. The stock’s 50-day moving average is $53.68 and its 200-day moving average is $54.70. Global X U.S. Infrastructure Development ETF has a 52-week low of $45.44 and a 52-week high of $60.43.

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.