Global X U.S. Infrastructure Development ETF $PAVE Position Boosted by Cooper Financial Group

Cooper Financial Group boosted its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 2.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 591,786 shares of the company’s stock after acquiring an additional 15,398 shares during the period. Global X U.S. Infrastructure Development ETF accounts for 2.5% of Cooper Financial Group’s portfolio, making the stock its 9th largest holding. Cooper Financial Group owned approximately 0.30% of Global X U.S. Infrastructure Development ETF worth $31,069,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Axiom Investment Management LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the first quarter worth about $28,000. Compass Financial Management LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $28,000. NBT Bank N A NY purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter worth approximately $29,000. Clearstead Trust LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter valued at approximately $31,000. Finally, Bayban purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at $38,000.

Global X U.S. Infrastructure Development ETF Stock Down 2.5%

Global X U.S. Infrastructure Development ETF stock traded down $1.36 during mid-day trading on Wednesday, reaching $53.29. 1,718,756 shares of the company’s stock traded hands, compared to its average volume of 1,718,312. Global X U.S. Infrastructure Development ETF has a 12-month low of $45.44 and a 12-month high of $60.43. The stock has a 50 day moving average of $55.28 and a two-hundred day moving average of $55.56. The company has a market cap of $10.53 billion, a price-to-earnings 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.