Kestra Private Wealth Services LLC Acquires 21,997 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Kestra Private Wealth Services LLC lifted its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 72.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 52,489 shares of the company’s stock after buying an additional 21,997 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,508,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Kickstand Ventures LLC. grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 1.4% during the 4th quarter. Kickstand Ventures LLC. now owns 23,428 shares of the company’s stock valued at $1,120,000 after purchasing an additional 326 shares during the last quarter. High Point Wealth Management LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter valued at $490,000. Stockman Wealth Management Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter valued at $2,925,000. First Interstate Bank grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 1.3% during the 4th quarter. First Interstate Bank now owns 1,212,934 shares of the company’s stock valued at $57,966,000 after purchasing an additional 15,183 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 62.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 31,683 shares of the company’s stock valued at $1,514,000 after purchasing an additional 12,172 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

PAVE stock opened at $55.13 on Thursday. Global X U.S. Infrastructure Development ETF has a 52 week low of $37.38 and a 52 week high of $56.74. The firm’s fifty day moving average is $53.09 and its 200 day moving average is $50.74. The firm has a market cap of $10.89 billion, a P/E ratio of 23.34 and a beta of 1.24.

Global X U.S. Infrastructure Development ETF 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.