Alaska Permanent Capital Management LLC Takes $4.01 Million Position in Global X U.S. Infrastructure Development ETF $PAVE

Alaska Permanent Capital Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the first quarter, HoldingsChannel reports. The institutional investor acquired 78,898 shares of the company’s stock, valued at approximately $4,009,000. Global X U.S. Infrastructure Development ETF comprises 0.3% of Alaska Permanent Capital Management LLC’s portfolio, making the stock its 22nd largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PAVE. Bank of Montreal Can raised its stake in Global X U.S. Infrastructure Development ETF by 3.7% during the 4th quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock worth $1,177,704,000 after acquiring an additional 868,412 shares during the period. Bank of America Corp DE raised its position in shares of Global X U.S. Infrastructure Development ETF by 7.2% during the 3rd quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock valued at $1,155,476,000 after purchasing an additional 1,625,360 shares during the period. Morgan Stanley raised its position in shares of Global X U.S. Infrastructure Development ETF by 2.9% during the 4th quarter. Morgan Stanley now owns 10,218,475 shares of the company’s stock valued at $488,341,000 after purchasing an additional 288,691 shares during the period. LPL Financial LLC raised its position in shares of Global X U.S. Infrastructure Development ETF by 4.7% during the 4th quarter. LPL Financial LLC now owns 7,627,988 shares of the company’s stock valued at $364,542,000 after purchasing an additional 340,014 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 37.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock valued at $299,095,000 after buying an additional 1,694,808 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of Global X U.S. Infrastructure Development ETF stock opened at $57.68 on Thursday. The company has a market capitalization of $11.40 billion, a P/E ratio of 23.34 and a beta of 1.24. The company has a fifty day moving average of $56.82 and a 200 day moving average of $53.55. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $43.87 and a fifty-two week 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.