Global X U.S. Infrastructure Development ETF $PAVE Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 29.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 491,637 shares of the company’s stock after acquiring an additional 110,668 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Global X U.S. Infrastructure Development ETF were worth $23,499,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAVE. CIBC Bancorp USA Inc. bought a new position in Global X U.S. Infrastructure Development ETF in the 3rd quarter worth about $163,051,000. Harel Insurance Investments & Financial Services Ltd. grew its position in Global X U.S. Infrastructure Development ETF by 37.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock worth $299,095,000 after purchasing an additional 1,694,808 shares during the last quarter. Bank of America Corp DE grew its position in Global X U.S. Infrastructure Development ETF by 7.2% in the 3rd quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock worth $1,155,476,000 after purchasing an additional 1,625,360 shares during the last quarter. Bank of Montreal Can increased its position in Global X U.S. Infrastructure Development ETF by 4.4% in the 3rd quarter. Bank of Montreal Can now owns 23,774,892 shares of the company’s stock valued at $1,132,398,000 after acquiring an additional 1,001,842 shares during the period. Finally, Moss Adams Wealth Advisors LLC increased its position in Global X U.S. Infrastructure Development ETF by 56.7% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,764,263 shares of the company’s stock valued at $84,796,000 after acquiring an additional 638,160 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE opened at $55.41 on Monday. Global X U.S. Infrastructure Development ETF has a 12 month low of $40.61 and a 12 month high of $58.55. The stock has a market cap of $10.95 billion, a P/E ratio of 23.34 and a beta of 1.24. The stock’s 50 day moving average price is $53.44 and its 200 day moving average price is $51.40.

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.