Visionary Wealth Advisors Invests $396,000 in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Visionary Wealth Advisors acquired a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,803 shares of the company’s stock, valued at approximately $396,000.

Several other institutional investors also recently modified their holdings of the company. Bank of Montreal Can grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 10.7% during the 4th quarter. Bank of Montreal Can now owns 22,235,543 shares of the company’s stock worth $898,538,000 after purchasing an additional 2,158,009 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in Global X U.S. Infrastructure Development ETF by 24.6% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,418,750 shares of the company’s stock valued at $300,890,000 after buying an additional 1,464,000 shares in the last quarter. LPL Financial LLC boosted its stake in Global X U.S. Infrastructure Development ETF by 21.3% in the 4th quarter. LPL Financial LLC now owns 6,776,463 shares of the company’s stock valued at $273,837,000 after buying an additional 1,191,666 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Global X U.S. Infrastructure Development ETF by 752.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,604,605 shares of the company’s stock valued at $226,482,000 after buying an additional 4,947,263 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Global X U.S. Infrastructure Development ETF by 40.0% in the 4th quarter. Principal Financial Group Inc. now owns 3,479,800 shares of the company’s stock valued at $140,619,000 after buying an additional 994,800 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock opened at $42.10 on Wednesday. The stock’s fifty day simple moving average is $38.18 and its 200 day simple moving average is $40.81. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 23.02 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a one year low of $32.65 and a one year high of $46.18.

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.