43,213 Shares in Global X U.S. Infrastructure Development ETF $PAVE Acquired by Vectors Research Management LLC

Vectors Research Management LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,213 shares of the company’s stock, valued at approximately $2,196,000.

Other large investors have also recently added to or reduced their stakes in the company. CIBC Bancorp USA Inc. bought a new position in Global X U.S. Infrastructure Development ETF in the third quarter valued at approximately $163,051,000. Harel Insurance Investments & Financial Services Ltd. increased its position in Global X U.S. Infrastructure Development ETF by 43.3% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock worth $454,147,000 after buying an additional 2,699,000 shares during the period. JPMorgan Chase & Co. boosted its holdings in Global X U.S. Infrastructure Development ETF by 30.5% in the 4th quarter. JPMorgan Chase & Co. now owns 4,736,398 shares of the company’s stock valued at $226,353,000 after purchasing an additional 1,106,276 shares during the period. Bank of Montreal Can grew its position in Global X U.S. Infrastructure Development ETF by 3.7% during the fourth quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock worth $1,177,704,000 after buying an additional 868,412 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter worth $35,769,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of BATS PAVE opened at $56.64 on Thursday. Global X U.S. Infrastructure Development ETF has a 52 week low of $43.87 and a 52 week high of $60.43. The stock’s fifty day moving average is $56.92 and its 200 day moving average is $54.10. The stock has a market capitalization of $11.19 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.