Janney Montgomery Scott LLC lifted its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,126 shares of the company’s stock after purchasing an additional 1,428 shares during the quarter. Janney Montgomery Scott LLC owned about 0.07% of Global X U.S. Infrastructure Development ETF worth $3,829,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAVE. Kovack Advisors Inc. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 3.7% during the fourth quarter. Kovack Advisors Inc. now owns 8,355 shares of the company’s stock worth $288,000 after buying an additional 297 shares during the period. RiverFront Investment Group LLC boosted its position in Global X U.S. Infrastructure Development ETF by 3.5% in the fourth quarter. RiverFront Investment Group LLC now owns 9,220 shares of the company’s stock valued at $317,000 after buying an additional 311 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in Global X U.S. Infrastructure Development ETF by 4.7% in the 4th quarter. Pinnacle Associates Ltd. now owns 7,170 shares of the company’s stock worth $247,000 after buying an additional 325 shares during the period. TAP Consulting LLC raised its position in Global X U.S. Infrastructure Development ETF by 0.6% during the 4th quarter. TAP Consulting LLC now owns 52,893 shares of the company’s stock worth $1,823,000 after buying an additional 326 shares during the last quarter. Finally, Dfpg Investments LLC raised its position in Global X U.S. Infrastructure Development ETF by 1.7% during the 4th quarter. Dfpg Investments LLC now owns 23,515 shares of the company’s stock worth $786,000 after buying an additional 393 shares during the last quarter.
Global X U.S. Infrastructure Development ETF Price Performance
PAVE stock opened at $39.13 on Thursday. The company has a market capitalization of $7.49 billion, a P/E ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 12 month low of $13.80 and a 12 month high of $17.80. The firm’s fifty day simple moving average is $38.71 and its 200-day simple moving average is $35.72.
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.
Further Reading
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