RiverFront Investment Group LLC Increases Stock Holdings in Global X U.S. Infrastructure Development ETF $PAVE

RiverFront Investment Group LLC lifted its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,494,057 shares of the company’s stock after acquiring an additional 49,905 shares during the quarter. RiverFront Investment Group LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $71,401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Guardian Capital LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter worth approximately $393,000. AMJ Financial Wealth Management purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter worth approximately $334,000. Thrivent Financial for Lutherans boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 29.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 491,637 shares of the company’s stock worth $23,499,000 after buying an additional 110,668 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 16.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 36,376 shares of the company’s stock worth $1,738,000 after buying an additional 5,086 shares during the last quarter. Finally, Moneco Advisors LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 30.1% in the 4th quarter. Moneco Advisors LLC now owns 55,295 shares of the company’s stock worth $2,643,000 after buying an additional 12,788 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS PAVE opened at $55.41 on Monday. Global X U.S. Infrastructure Development ETF has a twelve month low of $40.61 and a twelve month high of $58.55. The stock’s 50 day moving average price is $53.44 and its 200-day moving average price is $51.40. The company has a market capitalization of $10.95 billion, a PE ratio of 23.34 and a beta of 1.24.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.