Tenet Wealth Partners LLC Takes $5.95 Million Position in Global X U.S. Infrastructure Development ETF $PAVE

Tenet Wealth Partners LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 103,461 shares of the company’s stock, valued at approximately $5,947,000. Global X U.S. Infrastructure Development ETF comprises about 4.4% of Tenet Wealth Partners LLC’s portfolio, making the stock its 3rd largest position.

Other large investors have also modified their holdings of the company. Beaumont Financial Advisors LLC lifted its position in Global X U.S. Infrastructure Development ETF by 1.1% in the 1st quarter. Beaumont Financial Advisors LLC now owns 16,949 shares of the company’s stock valued at $861,000 after purchasing an additional 180 shares during the last quarter. Gateway Wealth Partners LLC increased its stake in shares of Global X U.S. Infrastructure Development ETF by 3.7% in the fourth quarter. Gateway Wealth Partners LLC now owns 5,169 shares of the company’s stock valued at $247,000 after purchasing an additional 183 shares during the period. Arete Wealth Advisors LLC increased its stake in shares of Global X U.S. Infrastructure Development ETF by 3.8% in the fourth 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 period. AIFG Consultants Ltd. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 1.0% in the fourth quarter. AIFG Consultants Ltd. now owns 19,194 shares of the company’s stock valued at $917,000 after purchasing an additional 189 shares during the period. Finally, IFG Advisory LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 2.3% during 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 during the last quarter.

Global X U.S. Infrastructure Development ETF Trading Up 0.9%

Shares of BATS PAVE opened at $55.16 on Friday. The stock has a 50 day simple moving average of $56.85 and a 200-day simple moving average of $55.51. The company has a market cap of $10.90 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12-month low of $45.44 and a 12-month 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.