Cary Street Partners Financial LLC Makes New $1.48 Million Investment in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Cary Street Partners Financial LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 36,615 shares of the company’s stock, valued at approximately $1,480,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Global X U.S. Infrastructure Development ETF during the third quarter worth about $117,000. JPMorgan Chase & Co. boosted its position in shares of Global X U.S. Infrastructure Development ETF by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 657,342 shares of the company’s stock valued at $27,056,000 after acquiring an additional 64,843 shares during the last quarter. Peoples Bank KS grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 265.4% during the fourth quarter. Peoples Bank KS now owns 28,975 shares of the company’s stock worth $1,171,000 after purchasing an additional 21,045 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth approximately $298,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Global X U.S. Infrastructure Development ETF by 7.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 50,661 shares of the company’s stock valued at $2,085,000 after purchasing an additional 3,593 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE stock opened at $39.34 on Thursday. The firm has a 50 day simple moving average of $37.59 and a two-hundred day simple moving average of $40.81. The stock has a market cap of $7.81 billion, a PE ratio of 20.85 and a beta of 1.21. Global X U.S. Infrastructure Development ETF has a one year low of $32.65 and a one year high of $46.18.

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.