Global X U.S. Infrastructure Development ETF $PAVE Stock Holdings Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,117,699 shares of the company’s stock after purchasing an additional 104,040 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $100,866,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of PAVE. Jones Financial Companies Lllp lifted its stake in Global X U.S. Infrastructure Development ETF by 26.1% during the third quarter. Jones Financial Companies Lllp now owns 149,973 shares of the company’s stock valued at $7,059,000 after buying an additional 31,014 shares in the last quarter. Barnes Pettey Financial Advisors LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at approximately $206,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Global X U.S. Infrastructure Development ETF in the 3rd quarter worth approximately $509,000. Trilogy Capital Inc. grew its position in Global X U.S. Infrastructure Development ETF by 408.9% during the 3rd quarter. Trilogy Capital Inc. now owns 26,222 shares of the company’s stock worth $1,249,000 after purchasing an additional 21,069 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $720,000.

Global X U.S. Infrastructure Development ETF Stock Up 32.0%

PAVE opened at $54.73 on Friday. The stock has a fifty day moving average of $49.89 and a 200-day moving average of $47.98. The firm has a market capitalization of $10.81 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12-month low of $32.65 and a 12-month high of $46.26.

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.