Diversify Wealth Management LLC Makes New $2.79 Million Investment in Global X U.S. Infrastructure Development ETF $PAVE

Diversify Wealth Management LLC purchased a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 50,560 shares of the company’s stock, valued at approximately $2,787,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital Asset Advisory Services LLC grew its position in Global X U.S. Infrastructure Development ETF by 4.4% during the fourth quarter. Capital Asset Advisory Services LLC now owns 990,479 shares of the company’s stock valued at $49,494,000 after acquiring an additional 41,513 shares during the period. Elm3 Financial Group LLC acquired a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $440,000. First Interstate Bank raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 1.3% in the 4th quarter. First Interstate Bank now owns 1,212,934 shares of the company’s stock worth $57,966,000 after purchasing an additional 15,183 shares during the period. Stonebridge Financial Group LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 3,578.4% in the 4th quarter. Stonebridge Financial Group LLC now owns 304,126 shares of the company’s stock worth $14,534,000 after purchasing an additional 295,858 shares during the period. Finally, Breachway Investments LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter worth about $1,234,000.

Global X U.S. Infrastructure Development ETF Price Performance

BATS PAVE opened at $56.23 on Tuesday. Global X U.S. Infrastructure Development ETF has a 1-year low of $43.87 and a 1-year high of $60.43. The firm has a market capitalization of $11.11 billion, a P/E ratio of 23.34 and a beta of 1.24. The business’s 50-day simple moving average is $56.97 and its 200-day simple moving average is $54.00.

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