Royal Bank of Canada lifted its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 8.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,610,656 shares of the company’s stock after purchasing an additional 120,091 shares during the period. Royal Bank of Canada owned 0.82% of Global X U.S. Infrastructure Development ETF worth $81,837,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the second quarter valued at about $25,000. eCIO Inc. acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth about $27,000. NBT Bank N A NY bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter valued at about $29,000. Clearstead Trust LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter valued at approximately $31,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at approximately $33,000.
Global X U.S. Infrastructure Development ETF Stock Performance
Shares of BATS:PAVE opened at $56.36 on Friday. Global X U.S. Infrastructure Development ETF has a 52 week low of $44.28 and a 52 week high of $60.43. The company has a market capitalization of $11.13 billion, a PE ratio of 23.34 and a beta of 1.24. The company has a 50 day moving average price of $57.13 and a two-hundred day moving average price of $54.70.
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.
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