Merit Financial Group LLC Raises Stock Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Merit Financial Group LLC raised its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 7.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,252 shares of the company’s stock after acquiring an additional 14,477 shares during the period. Merit Financial Group LLC owned approximately 0.11% of Global X U.S. Infrastructure Development ETF worth $8,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sofi Wealth LLC purchased a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter worth $28,000. Crowley Wealth Management Inc. purchased a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter worth $28,000. Key Financial Inc increased its stake in Global X U.S. Infrastructure Development ETF by 613.2% in the fourth quarter. Key Financial Inc now owns 756 shares of the company’s stock worth $31,000 after purchasing an additional 650 shares during the period. Webster Bank N. A. purchased a new stake in Global X U.S. Infrastructure Development ETF in the first quarter worth $29,000. Finally, Kestra Investment Management LLC purchased a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter worth $41,000.

Global X U.S. Infrastructure Development ETF Stock Up 1.8%

PAVE stock opened at $42.20 on Wednesday. The business’s fifty day simple moving average is $38.74 and its two-hundred day simple moving average is $40.65. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $46.18. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 23.02 and a beta of 1.24.

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.