Cardinal Point Capital Management ULC Takes Position in Global X U.S. Infrastructure Development ETF $PAVE

Cardinal Point Capital Management ULC bought a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,816 shares of the company’s stock, valued at approximately $462,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PAVE. Darwin Wealth Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the second quarter valued at about $25,000. Root Financial Partners LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the third quarter worth about $25,000. Atlantic Union Bankshares Corp acquired a new position in Global X U.S. Infrastructure Development ETF during the second quarter worth about $26,000. Avalon Trust Co purchased a new position in Global X U.S. Infrastructure Development ETF in the second quarter valued at about $29,000. Finally, Private Wealth Asset Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the second quarter valued at about $32,000.

Global X U.S. Infrastructure Development ETF Stock Up 0.4%

Global X U.S. Infrastructure Development ETF stock opened at $54.89 on Tuesday. The firm has a market capitalization of $10.84 billion, a PE ratio of 23.34 and a beta of 1.24. The firm’s 50-day simple moving average is $50.03 and its 200 day simple moving average is $48.06. Global X U.S. Infrastructure Development ETF has a 52 week low of $32.65 and a 52 week high of $55.15.

Global X U.S. Infrastructure Development ETF 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.