Capital Advantage Inc. Grows Stake in Global X U.S. Infrastructure Development ETF $PAVE

Capital Advantage Inc. lifted its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 8.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 128,370 shares of the company’s stock after buying an additional 9,927 shares during the period. Global X U.S. Infrastructure Development ETF comprises about 0.9% of Capital Advantage Inc.’s investment portfolio, making the stock its 27th biggest position. Capital Advantage Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $7,564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PAVE. Petra Financial Advisors Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter valued at about $461,000. VectorGlobal IAG Inc. purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the first quarter worth about $1,489,000. Moss Adams Wealth Advisors LLC increased its position in shares of Global X U.S. Infrastructure Development ETF by 3.0% in the first quarter. Moss Adams Wealth Advisors LLC now owns 1,816,958 shares of the company’s stock worth $92,320,000 after purchasing an additional 52,695 shares during the last quarter. Cetera Investment Advisers increased its position in shares of 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 during the last quarter. Finally, Valley Wealth Managers Inc. purchased a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $1,761,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE opened at $54.81 on Wednesday. Global X U.S. Infrastructure Development ETF has a 1-year low of $45.44 and a 1-year high of $60.43. The company has a market capitalization of $10.83 billion, a P/E ratio of 23.34 and a beta of 1.24. The firm’s 50 day simple moving average is $56.70 and its 200 day simple moving average is $55.51.

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.