Kestra Private Wealth Services LLC Grows Stock Position in Global X U.S. Infrastructure Development ETF $PAVE

Kestra Private Wealth Services LLC boosted its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 43.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,537 shares of the company’s stock after acquiring an additional 23,048 shares during the period. Kestra Private Wealth Services LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,838,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Gateway Wealth Partners LLC increased its stake in Global X U.S. Infrastructure Development ETF by 3.7% during the fourth quarter. Gateway Wealth Partners LLC now owns 5,169 shares of the company’s stock worth $247,000 after acquiring an additional 183 shares during the last quarter. Arete Wealth Advisors LLC lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 3.8% in the 4th quarter. Arete Wealth Advisors LLC now owns 5,058 shares of the company’s stock valued at $242,000 after purchasing an additional 186 shares during the last quarter. AIFG Consultants Ltd. grew its holdings in shares of 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 worth $917,000 after purchasing an additional 189 shares during the period. IFG Advisory LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 2.3% during the 4th quarter. IFG Advisory LLC now owns 8,491 shares of the company’s stock worth $406,000 after purchasing an additional 194 shares during the period. Finally, Total Clarity Wealth Management Inc. grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 2.7% during the 1st quarter. Total Clarity Wealth Management Inc. now owns 7,659 shares of the company’s stock worth $389,000 after purchasing an additional 201 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Down 1.9%

Shares of BATS:PAVE opened at $58.84 on Friday. The company has a market capitalization of $11.62 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12-month low of $43.32 and a 12-month high of $60.43. The business has a 50-day moving average price of $56.61 and a 200 day moving average price of $53.31.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.