Endowment Wealth Management Inc. Invests $202,000 in Global X U.S. Infrastructure Development ETF $PAVE

Endowment Wealth Management Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 4,634 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAVE. Sequoia Financial Advisors LLC grew its position in Global X U.S. Infrastructure Development ETF by 1.3% during the second quarter. Sequoia Financial Advisors LLC now owns 17,961 shares of the company’s stock worth $783,000 after buying an additional 225 shares in the last quarter. Jacobi Capital Management LLC grew its position in Global X U.S. Infrastructure Development ETF by 2.4% during the first quarter. Jacobi Capital Management LLC now owns 10,897 shares of the company’s stock worth $411,000 after buying an additional 256 shares in the last quarter. International Assets Investment Management LLC grew its position in Global X U.S. Infrastructure Development ETF by 3.6% during the first quarter. International Assets Investment Management LLC now owns 7,682 shares of the company’s stock worth $290,000 after buying an additional 267 shares in the last quarter. IFG Advisory LLC grew its position in Global X U.S. Infrastructure Development ETF by 3.4% during the first quarter. IFG Advisory LLC now owns 8,287 shares of the company’s stock worth $313,000 after buying an additional 274 shares in the last quarter. Finally, Choreo LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 1.6% in the 1st quarter. Choreo LLC now owns 18,317 shares of the company’s stock valued at $691,000 after purchasing an additional 281 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE stock opened at $46.40 on Monday. The stock’s fifty day moving average price is $46.64 and its two-hundred day moving average price is $43.04. The company has a market cap of $9.17 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 $32.65 and a fifty-two week high of $46.26.

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.