Robertson Stephens Wealth Management LLC Buys 12,292 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Robertson Stephens Wealth Management LLC grew its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 258,026 shares of the company’s stock after purchasing an additional 12,292 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $12,416,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JNBA Financial Advisors increased its holdings in Global X U.S. Infrastructure Development ETF by 40.4% during the 4th quarter. JNBA Financial Advisors now owns 712 shares of the company’s stock worth $34,000 after purchasing an additional 205 shares in the last quarter. Valmark Advisers Inc. increased its holdings in Global X U.S. Infrastructure Development ETF by 2.2% during the 4th quarter. Valmark Advisers Inc. now owns 9,778 shares of the company’s stock worth $467,000 after purchasing an additional 209 shares in the last quarter. Mutual Advisors LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 0.6% in the 4th quarter. Mutual Advisors LLC now owns 36,490 shares of the company’s stock worth $1,744,000 after buying an additional 227 shares during the last quarter. Smith Moore & CO. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 1.5% in the 4th quarter. Smith Moore & CO. now owns 16,305 shares of the company’s stock worth $779,000 after buying an additional 245 shares during the last quarter. Finally, Bard Associates Inc. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 1.3% in the 3rd quarter. Bard Associates Inc. now owns 20,503 shares of the company’s stock worth $977,000 after buying an additional 269 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Down 0.2%

Shares of BATS PAVE opened at $56.69 on Friday. Global X U.S. Infrastructure Development ETF has a twelve month low of $39.09 and a twelve month high of $57.08. The stock’s 50 day moving average price is $53.12 and its 200-day moving average price is $50.78. The company has a market capitalization of $11.20 billion, a PE ratio of 23.34 and a beta of 1.24.

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.