Renaissance Technologies LLC Takes Position in Global X U.S. Infrastructure Development ETF $PAVE

Renaissance Technologies LLC bought a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,200 shares of the company’s stock, valued at approximately $925,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Bank of Montreal Can raised its position in Global X U.S. Infrastructure Development ETF by 3.7% during the fourth quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock valued at $1,177,704,000 after buying an additional 868,412 shares during the period. Morgan Stanley boosted its position in 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 worth $488,341,000 after acquiring an additional 288,691 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in Global X U.S. Infrastructure Development ETF by 43.3% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock worth $454,147,000 after acquiring an additional 2,699,000 shares during the period. LPL Financial LLC grew its stake in 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 acquiring an additional 340,014 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Global X U.S. Infrastructure Development ETF by 30.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,736,398 shares of the company’s stock valued at $226,353,000 after acquiring an additional 1,106,276 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE opened at $58.59 on Friday. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $45.44 and a fifty-two week high of $60.43. The business’s 50-day moving average is $57.51 and its 200-day moving average is $55.21.

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.