M Holdings Securities Inc. Buys New Holdings in Global X U.S. Infrastructure Development ETF $PAVE

M Holdings Securities Inc. purchased a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 34,944 shares of the company’s stock, valued at approximately $2,241,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Petra Financial Advisors Inc. acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the first quarter worth approximately $461,000. VectorGlobal IAG Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF in the 1st quarter valued at $1,489,000. Moss Adams Wealth Advisors LLC grew its position in Global X U.S. Infrastructure Development ETF by 3.0% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 1,816,958 shares of the company’s stock valued at $92,320,000 after purchasing an additional 52,695 shares during the period. Cetera Investment Advisers grew its position in Global X U.S. Infrastructure Development ETF by 31.7% in the 1st quarter. Cetera Investment Advisers now owns 1,297,545 shares of the company’s stock valued at $65,928,000 after purchasing an additional 312,076 shares during the period. Finally, Axxcess Wealth Management LLC increased its stake in Global X U.S. Infrastructure Development ETF by 3.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,027,225 shares of the company’s stock valued at $49,091,000 after purchasing an additional 37,573 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

PAVE opened at $55.31 on Monday. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The company’s fifty day moving average price is $57.28 and its two-hundred day moving average price is $55.53. Global X U.S. Infrastructure Development ETF has a 1-year low of $45.44 and a 1-year high of $60.43.

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.