Modern Wealth Management LLC Purchases Shares of 20,268 Global X U.S. Infrastructure Development ETF $PAVE

Modern Wealth Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the first quarter, HoldingsChannel reports. The institutional investor acquired 20,268 shares of the company’s stock, valued at approximately $1,048,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Greenline Wealth Management LLC lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 76.8% during the 1st quarter. Greenline Wealth Management LLC now owns 15,620 shares of the company’s stock worth $794,000 after acquiring an additional 6,783 shares during the period. Lido Advisors LLC increased its stake in Global X U.S. Infrastructure Development ETF by 89.0% in the first quarter. Lido Advisors LLC now owns 79,127 shares of the company’s stock valued at $4,020,000 after acquiring an additional 37,252 shares during the period. Cetera Investment Advisers raised its position in Global X U.S. Infrastructure Development ETF by 31.7% in the first quarter. Cetera Investment Advisers now owns 1,297,545 shares of the company’s stock worth $65,928,000 after purchasing an additional 312,076 shares in the last quarter. Petra Financial Advisors Inc. acquired a new position in Global X U.S. Infrastructure Development ETF in the first quarter worth about $461,000. Finally, Insight Advisors LLC PA raised its position in Global X U.S. Infrastructure Development ETF by 1.4% in the first quarter. Insight Advisors LLC PA now owns 30,081 shares of the company’s stock worth $1,528,000 after purchasing an additional 412 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE opened at $57.69 on Monday. The company has a 50-day moving average price of $56.94 and a two-hundred day moving average price of $54.50. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12 month low of $44.28 and a 12 month high of $60.43.

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.