Paragon Advisors LLC Purchases New Position in Global X U.S. Infrastructure Development ETF $PAVE

Paragon Advisors LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 35,378 shares of the company’s stock, valued at approximately $1,857,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Compass Financial Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the second quarter valued at approximately $28,000. Root Financial Partners LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth $27,000. Axiom Investment Management LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the first quarter worth $28,000. Clearstead Trust LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the first quarter worth $31,000. Finally, Latitude Advisors LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth $37,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of BATS:PAVE opened at $51.14 on Monday. Global X U.S. Infrastructure Development ETF has a 52-week low of $45.44 and a 52-week high of $60.43. The company has a market capitalization of $13.00 billion, a PE ratio of 24.12 and a beta of 1.20. The company has a fifty day moving average of $53.38 and a 200-day moving average of $54.75.

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.