WCG Wealth Advisors LLC Invests $6.93 Million in Global X U.S. Infrastructure Development ETF $PAVE

WCG Wealth Advisors LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 4th quarter, HoldingsChannel.com reports. The fund bought 145,005 shares of the company’s stock, valued at approximately $6,930,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE boosted its stake in Global X U.S. Infrastructure Development ETF by 7.2% during the third quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock worth $1,155,476,000 after acquiring an additional 1,625,360 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 4.4% in the third quarter. Bank of Montreal Can now owns 23,774,892 shares of the company’s stock valued at $1,132,398,000 after purchasing an additional 1,001,842 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 37.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock valued at $299,095,000 after purchasing an additional 1,694,808 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 4.2% in the third quarter. JPMorgan Chase & Co. now owns 3,630,122 shares of the company’s stock valued at $172,903,000 after purchasing an additional 145,059 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the third quarter valued at about $163,051,000.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS PAVE opened at $57.29 on Thursday. Global X U.S. Infrastructure Development ETF has a 52-week low of $41.65 and a 52-week high of $58.55. The company has a 50-day simple moving average of $54.65 and a 200 day simple moving average of $52.10. The company has a market capitalization of $11.32 billion, a PE ratio of 23.34 and a beta of 1.24.

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.