Global X U.S. Infrastructure Development ETF $PAVE Shares Newly Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,820 shares of the company’s stock, valued at approximately $1,566,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TD Waterhouse Canada Inc. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 57.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 28,311 shares of the company’s stock worth $1,668,000 after purchasing an additional 10,356 shares during the period. Capital Advantage Inc. lifted its stake in Global X U.S. Infrastructure Development ETF by 8.4% in the second quarter. Capital Advantage Inc. now owns 128,370 shares of the company’s stock valued at $7,564,000 after purchasing an additional 9,927 shares during the last quarter. Petra Financial Advisors Inc. purchased a new position in Global X U.S. Infrastructure Development ETF in the first quarter valued at approximately $461,000. Integrated Wealth Concepts LLC lifted its stake in Global X U.S. Infrastructure Development ETF by 111.0% in the second quarter. Integrated Wealth Concepts LLC now owns 75,832 shares of the company’s stock valued at $4,468,000 after purchasing an additional 39,885 shares during the last quarter. Finally, First Heartland Consultants Inc. purchased a new position in Global X U.S. Infrastructure Development ETF in the third quarter valued at approximately $2,117,000.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS PAVE traded up $0.41 on Friday, hitting $51.14. 1,991,201 shares of the stock traded hands, compared to its average volume of 1,750,635. The business’s fifty day moving average is $53.38 and its two-hundred day moving average is $54.75. Global X U.S. Infrastructure Development ETF has a 12 month low of $45.44 and a 12 month high of $60.43. The firm has a market capitalization of $10.10 billion, a price-to-earnings 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.