Valued Retirements Inc. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) in the 3rd quarter, Holdings Channel reports. The fund purchased 17,597 shares of the company’s stock, valued at approximately $724,000. Global X U.S. Infrastructure Development ETF accounts for about 1.0% of Valued Retirements Inc.’s holdings, making the stock its 26th biggest position.
A number of other hedge funds have also recently bought and sold shares of PAVE. Farmers & Merchants Investments Inc. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 1,029.7% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock worth $27,000 after purchasing an additional 659 shares during the last quarter. Blue Trust Inc. increased its position in 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 buying an additional 508 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Global X U.S. Infrastructure Development ETF in the second quarter valued at approximately $33,000. First PREMIER Bank bought a new stake in Global X U.S. Infrastructure Development ETF in the third quarter valued at approximately $39,000. Finally, Howe & Rusling Inc. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the third quarter valued at approximately $39,000.
Global X U.S. Infrastructure Development ETF Trading Down 1.2 %
PAVE stock opened at $44.24 on Tuesday. Global X U.S. Infrastructure Development ETF has a 1-year low of $13.80 and a 1-year high of $17.80. The business’s 50 day simple moving average is $43.19 and its 200 day simple moving average is $39.98. The firm has a market capitalization of $8.47 billion, a PE ratio of 20.28 and a beta of 1.13.
About Global X U.S. Infrastructure Development ETF
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.
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Want to see what other hedge funds are holding PAVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report).
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