LPL Financial LLC Increases Stock Position in Global X U.S. Infrastructure Development ETF $PAVE

LPL Financial LLC grew its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,627,988 shares of the company’s stock after acquiring an additional 340,014 shares during the quarter. LPL Financial LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $364,542,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Darwin Wealth Management LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the second quarter worth approximately $25,000. eCIO Inc. purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth approximately $27,000. Fortitude Family Office LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth approximately $33,000. Millstone Evans Group LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth approximately $33,000. Finally, JNBA Financial Advisors boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 40.4% in the fourth quarter. JNBA Financial Advisors now owns 712 shares of the company’s stock worth $34,000 after buying an additional 205 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Trading Down 0.3%

PAVE opened at $56.51 on Tuesday. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The company’s 50 day moving average is $55.02 and its 200 day moving average is $52.33. Global X U.S. Infrastructure Development ETF has a 12-month low of $41.65 and a 12-month high of $58.55.

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.