Ergawealth Advisors Inc. Acquires Shares of 4,898 Global X U.S. Infrastructure Development ETF $PAVE

Ergawealth Advisors Inc. bought a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,898 shares of the company’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vontobel Holding Ltd. raised its holdings in Global X U.S. Infrastructure Development ETF by 22.7% in the first quarter. Vontobel Holding Ltd. now owns 7,252 shares of the company’s stock valued at $274,000 after acquiring an additional 1,340 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Global X U.S. Infrastructure Development ETF by 8.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 74,870 shares of the company’s stock worth $2,825,000 after acquiring an additional 5,755 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Global X U.S. Infrastructure Development ETF by 5.7% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,011 shares of the company’s stock worth $302,000 after purchasing an additional 429 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter valued at about $632,000. Finally, Moss Adams Wealth Advisors LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF by 1.5% in the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 1,041,197 shares of the company’s stock valued at $45,469,000 after purchasing an additional 15,268 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE stock opened at $47.94 on Friday. The stock has a market capitalization of $9.47 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a one year low of $32.65 and a one year high of $46.26. The company’s 50-day simple moving average is $46.48 and its 200-day simple moving average is $42.72.

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.