Nvest Financial LLC Increases Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Nvest Financial LLC boosted its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 78.7% in the 4th quarter, Holdings Channel reports. The firm owned 36,885 shares of the company’s stock after buying an additional 16,246 shares during the quarter. Nvest Financial LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,763,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. AIFG Consultants Ltd. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 1.0% during the fourth quarter. AIFG Consultants Ltd. now owns 19,194 shares of the company’s stock worth $917,000 after purchasing an additional 189 shares in the last quarter. IFG Advisory LLC grew its stake in shares of Global X U.S. Infrastructure Development ETF by 2.3% in the fourth quarter. IFG Advisory LLC now owns 8,491 shares of the company’s stock valued at $406,000 after buying an additional 194 shares in the last quarter. JNBA Financial Advisors grew its stake in shares of Global X U.S. Infrastructure Development ETF by 40.4% in the fourth quarter. JNBA Financial Advisors now owns 712 shares of the company’s stock valued at $34,000 after buying an additional 205 shares in the last quarter. Valmark Advisers Inc. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 2.2% during the 4th quarter. Valmark Advisers Inc. now owns 9,778 shares of the company’s stock valued at $467,000 after buying an additional 209 shares during the period. Finally, Mutual Advisors LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 0.6% during the 4th quarter. Mutual Advisors LLC now owns 36,490 shares of the company’s stock valued at $1,744,000 after buying an additional 227 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Up 0.7%

BATS PAVE opened at $57.29 on Thursday. The stock has a market cap of $11.32 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $41.65 and a fifty-two week high of $58.55. The business has a 50 day moving average price of $54.65 and a two-hundred day moving average price of $52.10.

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.