Tidal Investments LLC Purchases New Stake in Global X U.S. Infrastructure Development ETF $PAVE

Tidal Investments LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 312,551 shares of the company’s stock, valued at approximately $18,416,000. Tidal Investments LLC owned approximately 0.16% of Global X U.S. Infrastructure Development ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Global X U.S. Infrastructure Development ETF by 43.3% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock valued at $454,147,000 after purchasing an additional 2,699,000 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 30.5% in the fourth quarter. JPMorgan Chase & Co. now owns 4,736,398 shares of the company’s stock worth $226,353,000 after purchasing an additional 1,106,276 shares during the period. Bank of America Corp DE increased its stake in Global X U.S. Infrastructure Development ETF by 3.7% in the 1st quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock worth $1,295,627,000 after acquiring an additional 903,562 shares during the last quarter. Bank of Montreal Can raised its stake in Global X U.S. Infrastructure Development ETF by 3.7% in the fourth quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock valued at $1,177,704,000 after purchasing an additional 868,412 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter valued at $35,769,000.

Global X U.S. Infrastructure Development ETF Trading Down 1.5%

Shares of Global X U.S. Infrastructure Development ETF stock opened at $53.36 on Friday. The business’s 50-day moving average price is $56.56 and its 200-day moving average price is $55.49. The firm has a market capitalization of $10.54 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12 month low of $45.44 and a 12 month high of $60.43.

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.