Henrickson Nauta Wealth Advisors Inc. Invests $714,000 in Global X U.S. Infrastructure Development ETF $PAVE

Henrickson Nauta Wealth Advisors Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the first quarter, Holdings Channel.com reports. The fund bought 14,042 shares of the company’s stock, valued at approximately $714,000.

A number of other hedge funds have also modified their holdings of the business. Gateway Wealth Partners LLC lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 3.7% in the fourth quarter. Gateway Wealth Partners LLC now owns 5,169 shares of the company’s stock worth $247,000 after buying an additional 183 shares in the last quarter. Arete Wealth Advisors LLC grew its stake in Global X U.S. Infrastructure Development ETF by 3.8% during the 4th quarter. Arete Wealth Advisors LLC now owns 5,058 shares of the company’s stock valued at $242,000 after acquiring an additional 186 shares in the last quarter. AIFG Consultants Ltd. grew its stake in Global X U.S. Infrastructure Development ETF by 1.0% during the 4th quarter. AIFG Consultants Ltd. now owns 19,194 shares of the company’s stock valued at $917,000 after acquiring an additional 189 shares in the last quarter. IFG Advisory LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 2.3% in the 4th quarter. IFG Advisory LLC now owns 8,491 shares of the company’s stock valued at $406,000 after acquiring an additional 194 shares during the last quarter. Finally, JNBA Financial Advisors raised its holdings in Global X U.S. Infrastructure Development ETF by 40.4% in the 4th quarter. JNBA Financial Advisors now owns 712 shares of the company’s stock valued at $34,000 after acquiring an additional 205 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE opened at $58.56 on Monday. The company’s 50 day simple moving average is $56.19 and its two-hundred day simple moving average is $52.98. Global X U.S. Infrastructure Development ETF has a 1-year low of $41.65 and a 1-year high of $59.21. The firm has a market capitalization of $11.57 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.