Western Wealth Management LLC Has $2.69 Million Stock Position in Global X U.S. Infrastructure Development ETF $PAVE

Western Wealth Management LLC lifted its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 35.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,000 shares of the company’s stock after acquiring an additional 13,844 shares during the period. Western Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,693,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Elm3 Financial Group LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at about $440,000. First Interstate Bank grew its position in Global X U.S. Infrastructure Development ETF by 1.3% in the 4th quarter. First Interstate Bank now owns 1,212,934 shares of the company’s stock worth $57,966,000 after purchasing an additional 15,183 shares in the last quarter. Breachway Investments LLC bought a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter worth about $1,234,000. Stonebridge Financial Group LLC increased its stake in Global X U.S. Infrastructure Development ETF by 3,578.4% in the 4th quarter. Stonebridge Financial Group LLC now owns 304,126 shares of the company’s stock valued at $14,534,000 after buying an additional 295,858 shares during the last quarter. Finally, Petra Financial Advisors Inc. purchased a new stake in Global X U.S. Infrastructure Development ETF in the 1st quarter valued at about $461,000.

Global X U.S. Infrastructure Development ETF Stock Up 0.5%

Global X U.S. Infrastructure Development ETF stock opened at $56.36 on Friday. Global X U.S. Infrastructure Development ETF has a 52 week low of $44.28 and a 52 week high of $60.43. The company’s 50 day moving average price is $57.13 and its two-hundred day moving average price is $54.70. The stock has a market cap of $11.13 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.