Kestra Investment Management LLC bought a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,003 shares of the company’s stock, valued at approximately $41,000.
Several other institutional investors and hedge funds also recently modified their holdings of PAVE. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $28,000. Hanson & Doremus Investment Management purchased a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $28,000. Trivant Custom Portfolio Group LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $32,000. Synergy Asset Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $38,000. Finally, Howe & Rusling Inc. purchased a new position in Global X U.S. Infrastructure Development ETF in the third quarter valued at about $39,000.
Global X U.S. Infrastructure Development ETF Stock Performance
Shares of PAVE opened at $40.44 on Friday. The company has a market capitalization of $7.74 billion, a P/E ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a one year low of $13.80 and a one year high of $17.80. The stock has a 50-day moving average price of $41.70 and a 200 day moving average price of $41.44.
Global X U.S. Infrastructure Development ETF Dividend Announcement
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.
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