Moss Adams Wealth Advisors LLC Has $92.32 Million Stock Position in Global X U.S. Infrastructure Development ETF $PAVE

Moss Adams Wealth Advisors LLC boosted its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,816,958 shares of the company’s stock after acquiring an additional 52,695 shares during the period. Global X U.S. Infrastructure Development ETF makes up 6.8% of Moss Adams Wealth Advisors LLC’s portfolio, making the stock its 3rd largest holding. Moss Adams Wealth Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $92,320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. CIBC Bancorp USA Inc. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at about $163,051,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 37.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock valued at $299,095,000 after purchasing an additional 1,694,808 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 7.2% during the third 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 last quarter. JPMorgan Chase & Co. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 30.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,736,398 shares of the company’s stock valued at $226,353,000 after purchasing an additional 1,106,276 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in Global X U.S. Infrastructure Development ETF by 4.4% during the third quarter. Bank of Montreal Can now owns 23,774,892 shares of the company’s stock valued at $1,132,398,000 after purchasing an additional 1,001,842 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Down 0.4%

Shares of PAVE stock opened at $58.60 on Tuesday. Global X U.S. Infrastructure Development ETF has a 12-month low of $43.32 and a 12-month high of $60.43. The stock has a market capitalization of $11.58 billion, a P/E ratio of 23.34 and a beta of 1.24. The firm’s 50 day moving average is $56.70 and its 200 day moving average is $53.42.

Global X U.S. Infrastructure Development ETF Company 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.