5th Street Advisors LLC increased its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,515 shares of the company’s stock after purchasing an additional 1,361 shares during the quarter. Global X U.S. Infrastructure Development ETF comprises about 3.3% of 5th Street Advisors LLC’s portfolio, making the stock its 10th biggest holding. 5th Street Advisors LLC owned 0.08% of Global X U.S. Infrastructure Development ETF worth $6,734,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Arlington Trust Co LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the first quarter worth about $32,000. Private Wealth Asset Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the second quarter worth about $32,000. Global Trust Asset Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the second quarter worth about $35,000. Elevation Wealth Partners LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the second quarter worth about $52,000. Finally, Trust Co. of Toledo NA OH acquired a new stake in Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at about $53,000.
Global X U.S. Infrastructure Development ETF Trading Up 15.2%
Shares of BATS PAVE opened at $47.77 on Thursday. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $46.26. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The firm has a 50-day moving average of $46.76 and a two-hundred day moving average of $43.23.
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.
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