Envestnet Portfolio Solutions Inc. purchased a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,399 shares of the company’s stock, valued at approximately $374,000.
Several other large investors also recently bought and sold shares of PAVE. Embree Financial Group bought a new position in Global X U.S. Infrastructure Development ETF during the first quarter valued at $209,000. Avidian Wealth Solutions LLC increased its position in Global X U.S. Infrastructure Development ETF by 23.6% during the first quarter. Avidian Wealth Solutions LLC now owns 14,945 shares of the company’s stock valued at $595,000 after acquiring an additional 2,855 shares during the last quarter. Financial Counselors Inc. bought a new position in Global X U.S. Infrastructure Development ETF during the first quarter valued at $270,000. Consolidated Planning Corp increased its position in Global X U.S. Infrastructure Development ETF by 14.8% during the first quarter. Consolidated Planning Corp now owns 70,403 shares of the company’s stock valued at $2,803,000 after acquiring an additional 9,052 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC increased its position in Global X U.S. Infrastructure Development ETF by 465.1% during the first quarter. Bryn Mawr Capital Management LLC now owns 36,264 shares of the company’s stock valued at $1,444,000 after acquiring an additional 29,847 shares during the last quarter.
Global X U.S. Infrastructure Development ETF Stock Down 0.8 %
PAVE stock opened at $38.42 on Friday. Global X U.S. Infrastructure Development ETF has a twelve month low of $13.80 and a twelve month high of $17.80. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The firm’s fifty day simple moving average is $37.94 and its two-hundred day simple moving average is $37.28.
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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