HighTower Advisors LLC Boosts Position in Global X U.S. Infrastructure Development ETF $PAVE

HighTower Advisors LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 4.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 784,502 shares of the company’s stock after buying an additional 35,224 shares during the quarter. HighTower Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $37,491,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Cascade Financial Partners LLC raised its position in Global X U.S. Infrastructure Development ETF by 13.5% during the 4th quarter. Cascade Financial Partners LLC now owns 152,446 shares of the company’s stock worth $7,285,000 after buying an additional 18,133 shares during the last quarter. Tucker Asset Management LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $67,000. RiverFront Investment Group LLC lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 3.5% in the 4th quarter. RiverFront Investment Group LLC now owns 1,494,057 shares of the company’s stock valued at $71,401,000 after purchasing an additional 49,905 shares during the period. Guardian Capital LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $393,000. Finally, AMJ Financial Wealth Management acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $334,000.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE opened at $54.54 on Friday. The firm has a fifty day moving average price of $53.61 and a 200 day moving average price of $51.57. Global X U.S. Infrastructure Development ETF has a 1 year low of $40.61 and a 1 year high of $58.55. The stock has a market cap of $10.77 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. PAVE was launched on Mar 6, 2017 and is managed by Global X.