Sonoma Allocations LLC lifted its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 67.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,422 shares of the company’s stock after buying an additional 11,409 shares during the period. Sonoma Allocations LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,659,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. Axiom Investment Management LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter valued at $28,000. Darwin Wealth Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth $25,000. NBT Bank N A NY bought a new position in shares of Global X U.S. Infrastructure Development ETF in the first quarter worth $29,000. Clearstead Trust LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF in the first quarter worth $31,000. Finally, Millstone Evans Group LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $33,000.
Global X U.S. Infrastructure Development ETF Stock Up 0.6%
PAVE stock opened at $58.69 on Friday. Global X U.S. Infrastructure Development ETF has a 52 week low of $45.29 and a 52 week high of $60.43. The business has a 50-day simple moving average of $57.35 and a 200 day simple moving average of $54.96. The company has a market cap of $11.59 billion, a PE 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.
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