Parallel Advisors LLC lifted its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 220.7% during the first quarter, Holdings Channel reports. The fund owned 59,691 shares of the company’s stock after purchasing an additional 41,081 shares during the quarter. Parallel Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,033,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at about $25,000. Axiom Investment Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter worth about $28,000. NBT Bank N A NY purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the first quarter worth about $29,000. Clearstead Trust LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the first quarter worth about $31,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $33,000.
Global X U.S. Infrastructure Development ETF Price Performance
BATS:PAVE opened at $58.35 on Friday. The firm has a market cap of $11.53 billion, a PE ratio of 23.34 and a beta of 1.24. The firm has a 50 day simple moving average of $57.30 and a 200-day simple moving average of $54.94. Global X U.S. Infrastructure Development ETF has a 1-year low of $45.29 and a 1-year high of $60.43.
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.
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Want to see what other hedge funds are holding PAVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report).
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