Owen LaRue LLC Makes New Investment in Global X U.S. Infrastructure Development ETF $PAVE

Owen LaRue LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the third quarter, HoldingsChannel reports. The institutional investor bought 28,743 shares of the company’s stock, valued at approximately $1,369,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PAVE. Sequoia Financial Advisors LLC grew its stake in Global X U.S. Infrastructure Development ETF by 1.3% in the second quarter. Sequoia Financial Advisors LLC now owns 17,961 shares of the company’s stock worth $783,000 after purchasing an additional 225 shares in the last quarter. Insight Advisors LLC PA raised its position in Global X U.S. Infrastructure Development ETF by 0.9% during the 2nd quarter. Insight Advisors LLC PA now owns 28,739 shares of the company’s stock valued at $1,252,000 after purchasing an additional 270 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 6.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,691 shares of the company’s stock worth $223,000 after buying an additional 287 shares during the period. Princeton Global Asset Management LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 0.9% during the 3rd quarter. Princeton Global Asset Management LLC now owns 34,666 shares of the company’s stock worth $1,651,000 after buying an additional 295 shares in the last quarter. Finally, Royal Harbor Partners LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 0.8% during the 3rd quarter. Royal Harbor Partners LLC now owns 41,275 shares of the company’s stock worth $1,966,000 after buying an additional 325 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE stock opened at $51.10 on Friday. The business has a 50-day moving average price of $48.92 and a 200 day moving average price of $47.50. The company has a market capitalization of $10.09 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 1-year low of $32.65 and a 1-year high of $46.26.

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.