Phoenix Financial Ltd. Makes New Investment in Global X U.S. Infrastructure Development ETF $PAVE

Phoenix Financial Ltd. acquired a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the third quarter, HoldingsChannel reports. The institutional investor acquired 131,000 shares of the company’s stock, valued at approximately $6,240,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PAVE. Moss Adams Wealth Advisors LLC increased its position in Global X U.S. Infrastructure Development ETF by 1.5% during the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 1,041,197 shares of the company’s stock worth $45,469,000 after buying an additional 15,268 shares during the period. GAMMA Investing LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the second quarter valued at about $71,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the third quarter valued at about $509,000. Barnes Pettey Financial Advisors LLC bought a new position in Global X U.S. Infrastructure Development ETF during the second quarter worth about $206,000. Finally, Trilogy Capital Inc. raised its stake in Global X U.S. Infrastructure Development ETF by 408.9% in the 3rd quarter. Trilogy Capital Inc. now owns 26,222 shares of the company’s stock worth $1,249,000 after purchasing an additional 21,069 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 23.4%

BATS PAVE opened at $51.13 on Tuesday. The company has a market capitalization of $10.10 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12-month low of $32.65 and a 12-month high of $46.26. The firm has a 50-day moving average price of $49.02 and a two-hundred day moving average price of $47.56.

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.