Financial Advocates Investment Management Acquires 4,434 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Financial Advocates Investment Management boosted its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 264,767 shares of the company’s stock after acquiring an additional 4,434 shares during the period. Financial Advocates Investment Management owned 0.14% of Global X U.S. Infrastructure Development ETF worth $10,896,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PAVE. Farmers & Merchants Investments Inc. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 1,029.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock valued at $27,000 after purchasing an additional 659 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 164.9% during the second quarter. Blue Trust Inc. now owns 816 shares of the company’s stock worth $32,000 after acquiring an additional 508 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the second quarter valued at approximately $33,000. First PREMIER Bank acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the third quarter valued at approximately $39,000. Finally, Clear Point Advisors Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth approximately $40,000.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE opened at $41.48 on Thursday. The business has a fifty day simple moving average of $40.20 and a 200 day simple moving average of $38.78. Global X U.S. Infrastructure Development ETF has a 1 year low of $13.80 and a 1 year high of $17.80. The company has a market capitalization of $7.95 billion, a PE ratio of 20.28 and a beta of 1.13.

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.