Principal Financial Group Inc. Raises Stake in Global X U.S. Infrastructure Development ETF $PAVE

Principal Financial Group Inc. increased its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 46.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,567,475 shares of the company’s stock after purchasing an additional 494,075 shares during the quarter. Principal Financial Group Inc. owned 0.79% of Global X U.S. Infrastructure Development ETF worth $79,643,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Jane Street Group LLC increased its position in shares of Global X U.S. Infrastructure Development ETF by 11.1% in the first quarter. Jane Street Group LLC now owns 20,867 shares of the company’s stock worth $787,000 after acquiring an additional 2,081 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 1,294.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 22,442 shares of the company’s stock valued at $978,000 after acquiring an additional 20,833 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 6.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 29,047 shares of the company’s stock valued at $1,354,000 after acquiring an additional 1,806 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth $2,070,000. Finally, Quantinno Capital Management LP boosted its position in Global X U.S. Infrastructure Development ETF by 36.8% during the 2nd quarter. Quantinno Capital Management LP now owns 9,118 shares of the company’s stock worth $397,000 after purchasing an additional 2,451 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Up 0.2%

Shares of BATS PAVE opened at $56.78 on Friday. The stock has a fifty day moving average price of $56.92 and a 200 day moving average price of $54.16. Global X U.S. Infrastructure Development ETF has a 12-month low of $44.28 and a 12-month high of $60.43. The company has a market cap of $11.22 billion, a P/E ratio of 23.34 and a beta of 1.24.

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.