Meitav Investment House Ltd. Raises Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Meitav Investment House Ltd. boosted its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1.3% in the 1st quarter, Holdings Channel reports. The firm owned 1,221,025 shares of the company’s stock after acquiring an additional 15,730 shares during the quarter. Meitav Investment House Ltd.’s holdings in Global X U.S. Infrastructure Development ETF were worth $62,040,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PAVE. Jane Street Group LLC raised its position in shares of Global X U.S. Infrastructure Development ETF by 11.1% in the first quarter. Jane Street Group LLC now owns 20,867 shares of the company’s stock valued at $787,000 after buying an additional 2,081 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Global X U.S. Infrastructure Development ETF by 1,294.8% during the second quarter. Russell Investments Group Ltd. now owns 22,442 shares of the company’s stock worth $978,000 after acquiring an additional 20,833 shares during the last quarter. Diversify Advisory Services LLC grew its stake in Global X U.S. Infrastructure Development ETF by 6.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 29,047 shares of the company’s stock valued at $1,354,000 after acquiring an additional 1,806 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at about $2,070,000. Finally, Quantinno Capital Management LP raised its holdings in Global X U.S. Infrastructure Development ETF by 36.8% in the 2nd quarter. Quantinno Capital Management LP now owns 9,118 shares of the company’s stock valued at $397,000 after acquiring an additional 2,451 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Down 3.0%

PAVE traded down $1.76 during trading on Tuesday, reaching $56.07. The company’s stock had a trading volume of 567,590 shares, compared to its average volume of 1,722,842. The firm has a fifty day simple moving average of $56.93 and a two-hundred day simple moving average of $53.73. Global X U.S. Infrastructure Development ETF has a 1 year low of $43.87 and a 1 year high of $60.43. The company has a market cap of $11.08 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.