Waystone Advisors LLC Has $3.58 Million Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Waystone Advisors LLC boosted its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 20.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 70,507 shares of the company’s stock after buying an additional 12,061 shares during the quarter. Global X U.S. Infrastructure Development ETF accounts for approximately 3.2% of Waystone Advisors LLC’s portfolio, making the stock its 7th biggest position. Waystone Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,582,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Darwin Wealth Management LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth $25,000. eCIO Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at about $27,000. Fortitude Family Office LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at about $33,000. Millstone Evans Group LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $33,000. Finally, JNBA Financial Advisors boosted its holdings in Global X U.S. Infrastructure Development ETF by 40.4% during the fourth quarter. JNBA Financial Advisors now owns 712 shares of the company’s stock worth $34,000 after purchasing an additional 205 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE stock opened at $58.56 on Monday. Global X U.S. Infrastructure Development ETF has a 52-week low of $41.65 and a 52-week high of $59.21. The company has a 50-day simple moving average of $56.19 and a two-hundred day simple moving average of $52.98. The company has a market capitalization of $11.57 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.