Global X U.S. Infrastructure Development ETF $PAVE Stock Position Increased by Washington Growth Strategies LLC

Washington Growth Strategies LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 298,455.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,451 shares of the company’s stock after purchasing an additional 113,413 shares during the period. Global X U.S. Infrastructure Development ETF comprises about 3.8% of Washington Growth Strategies LLC’s portfolio, making the stock its 5th biggest position. Washington Growth Strategies LLC owned about 0.06% of Global X U.S. Infrastructure Development ETF worth $4,944,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. LPL Financial LLC increased its stake in Global X U.S. Infrastructure Development ETF by 1.2% during the first quarter. LPL Financial LLC now owns 6,854,471 shares of the company’s stock worth $258,619,000 after purchasing an additional 78,008 shares during the period. Principal Financial Group Inc. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 7.5% during the first quarter. Principal Financial Group Inc. now owns 3,740,600 shares of the company’s stock worth $141,133,000 after buying an additional 260,800 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 2.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,823,163 shares of the company’s stock worth $68,788,000 after buying an additional 50,644 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 9.2% during the first quarter. Envestnet Asset Management Inc. now owns 1,583,324 shares of the company’s stock worth $59,739,000 after buying an additional 133,329 shares during the period. Finally, Citigroup Inc. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 2,086.2% during the first quarter. Citigroup Inc. now owns 1,325,328 shares of the company’s stock worth $50,005,000 after buying an additional 1,264,705 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

PAVE stock opened at $47.94 on Friday. The company’s 50 day moving average price is $46.48 and its 200 day moving average price is $42.69. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $32.65 and a fifty-two week high of $46.26. The firm 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 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.