StoneX Group Inc. Buys New Position in Global X U.S. Infrastructure Development ETF $PAVE

StoneX Group Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,053 shares of the company’s stock, valued at approximately $640,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PAVE. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Global X U.S. Infrastructure Development ETF by 43.3% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock worth $454,147,000 after acquiring an additional 2,699,000 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Global X U.S. Infrastructure Development ETF by 24.5% during the second quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock valued at $299,851,000 after purchasing an additional 1,001,544 shares in the last quarter. Evergreen Capital Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the third quarter valued at about $49,119,000. Bank of America Corp DE grew its position in shares of Global X U.S. Infrastructure Development ETF by 3.7% in the first quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock valued at $1,295,627,000 after purchasing an additional 903,562 shares during the period. Finally, First Interstate Bank acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the third quarter valued at about $38,817,000.

Global X U.S. Infrastructure Development ETF Stock Up 1.3%

PAVE opened at $53.95 on Thursday. Global X U.S. Infrastructure Development ETF has a twelve month low of $45.44 and a twelve month high of $60.43. The company has a 50-day moving average price of $53.31 and a 200 day moving average price of $54.79. The company has a market cap of $13.71 billion, a PE ratio of 24.12 and a beta of 1.20.

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.