Y Intercept Hong Kong Ltd Raises Position in Global X U.S. Infrastructure Development ETF $PAVE

Y Intercept Hong Kong Ltd boosted its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 122.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,053 shares of the company’s stock after purchasing an additional 15,470 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,425,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Darwin Wealth Management LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the second quarter worth about $25,000. eCIO Inc. purchased a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at about $27,000. Fortitude Family Office LLC bought a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $33,000. Millstone Evans Group LLC bought a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $33,000. Finally, JNBA Financial Advisors increased its stake in Global X U.S. Infrastructure Development ETF by 40.4% in the 4th quarter. JNBA Financial Advisors now owns 712 shares of the company’s stock worth $34,000 after purchasing an additional 205 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Up 0.5%

PAVE stock traded up $0.27 during midday trading on Friday, hitting $56.69. The company had a trading volume of 1,125,551 shares, compared to its average volume of 1,744,200. Global X U.S. Infrastructure Development ETF has a 52 week low of $43.87 and a 52 week high of $60.43. The stock’s 50 day moving average price is $56.98 and its 200 day moving average price is $53.92. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24.

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.