Lido Advisors LLC Buys 37,252 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Lido Advisors LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 89.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,127 shares of the company’s stock after purchasing an additional 37,252 shares during the period. Lido Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $4,020,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Elm3 Financial Group LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter valued at about $440,000. First Interstate Bank raised its stake in 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 worth $57,966,000 after acquiring an additional 15,183 shares during the period. Breachway Investments LLC bought a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $1,234,000. Stonebridge Financial Group LLC raised its stake in Global X U.S. Infrastructure Development ETF by 3,578.4% during the 4th quarter. Stonebridge Financial Group LLC now owns 304,126 shares of the company’s stock worth $14,534,000 after acquiring an additional 295,858 shares during the period. Finally, Petra Financial Advisors Inc. purchased a new position in Global X U.S. Infrastructure Development ETF during the first quarter valued at approximately $461,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS:PAVE opened at $57.69 on Friday. The company has a market capitalization of $11.40 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 1-year low of $44.28 and a 1-year high of $60.43. The firm’s 50 day simple moving average is $56.94 and its two-hundred day simple moving average is $54.47.

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.