Janney Montgomery Scott LLC Boosts Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Janney Montgomery Scott LLC increased its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 14.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 380,581 shares of the company’s stock after purchasing an additional 48,252 shares during the period. Janney Montgomery Scott LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $19,337,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PAVE. CIBC Bancorp USA Inc. purchased a new position in Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at approximately $163,051,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Global X U.S. Infrastructure Development ETF by 37.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock worth $299,095,000 after acquiring an additional 1,694,808 shares in the last quarter. Bank of America Corp DE increased its position in shares of Global X U.S. Infrastructure Development ETF by 7.2% during the third quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock worth $1,155,476,000 after acquiring an additional 1,625,360 shares during the period. JPMorgan Chase & Co. increased its position in shares of Global X U.S. Infrastructure Development ETF by 30.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,736,398 shares of the company’s stock worth $226,353,000 after acquiring an additional 1,106,276 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Global X U.S. Infrastructure Development ETF by 4.4% in the third quarter. Bank of Montreal Can now owns 23,774,892 shares of the company’s stock valued at $1,132,398,000 after acquiring an additional 1,001,842 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Trading Up 0.5%

BATS:PAVE opened at $58.92 on Wednesday. Global X U.S. Infrastructure Development ETF has a 12-month low of $43.32 and a 12-month high of $60.43. The firm has a market cap of $11.64 billion, a PE ratio of 23.34 and a beta of 1.24. The stock has a fifty day moving average price of $56.78 and a 200 day moving average price of $53.49.

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.