6,084 Shares in Global X U.S. Infrastructure Development ETF $PAVE Acquired by Conservest Capital Advisors Inc.

Conservest Capital Advisors Inc. 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,084 shares of the company’s stock, valued at approximately $265,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAVE. Citigroup Inc. grew its stake in Global X U.S. Infrastructure Development ETF by 2,086.2% during the first quarter. Citigroup Inc. now owns 1,325,328 shares of the company’s stock worth $50,005,000 after buying an additional 1,264,705 shares during the period. Principal Financial Group Inc. grew its stake in Global X U.S. Infrastructure Development ETF by 7.5% during the first quarter. Principal Financial Group Inc. now owns 3,740,600 shares of the company’s stock worth $141,133,000 after buying an additional 260,800 shares during the period. HighTower Advisors LLC grew its stake in Global X U.S. Infrastructure Development ETF by 35.0% during the first quarter. HighTower Advisors LLC now owns 768,330 shares of the company’s stock worth $28,989,000 after buying an additional 199,384 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the second quarter worth approximately $7,743,000. Finally, 5th Street Advisors LLC grew its stake in Global X U.S. Infrastructure Development ETF by 1,659.0% during the first quarter. 5th Street Advisors LLC now owns 153,154 shares of the company’s stock worth $5,778,000 after buying an additional 144,447 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Up 16.6%

PAVE opened at $48.35 on Friday. Global X U.S. Infrastructure Development ETF has a 52-week low of $32.65 and a 52-week high of $46.26. The company has a 50 day moving average of $46.98 and a two-hundred day moving average of $43.87. The company has a market cap of $9.55 billion, a P/E ratio of 23.34 and a beta of 1.24.

About Global X U.S. Infrastructure Development ETF

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.