Madison Asset Management LLC Invests $4.12 Million in Global X U.S. Infrastructure Development ETF $PAVE

Madison Asset Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 81,054 shares of the company’s stock, valued at approximately $4,118,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF during the second quarter worth about $25,000. eCIO Inc. acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at approximately $27,000. NBT Bank N A NY acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter valued at approximately $29,000. Clearstead Trust LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter worth approximately $31,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $33,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS:PAVE opened at $56.20 on Wednesday. The company’s 50 day simple moving average is $56.88 and its 200 day simple moving average is $54.32. The stock has a market capitalization of $11.10 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 1 year low of $44.28 and a 1 year high of $60.43.

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.