74,309 Shares in Global X U.S. Infrastructure Development ETF $PAVE Acquired by Lane Brothers & Co. Inc.

Lane Brothers & Co. Inc. acquired a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 74,309 shares of the company’s stock, valued at approximately $3,551,000. Global X U.S. Infrastructure Development ETF accounts for 2.6% of Lane Brothers & Co. Inc.’s holdings, making the stock its 10th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its position in shares of Global X U.S. Infrastructure Development ETF by 11.1% during the first quarter. Jane Street Group LLC now owns 20,867 shares of the company’s stock worth $787,000 after buying an additional 2,081 shares during the period. Russell Investments Group Ltd. lifted its stake in Global X U.S. Infrastructure Development ETF by 1,294.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 22,442 shares of the company’s stock worth $978,000 after acquiring an additional 20,833 shares in the last quarter. Diversify Advisory Services LLC lifted its stake in Global X U.S. Infrastructure Development ETF by 6.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 29,047 shares of the company’s stock worth $1,354,000 after acquiring an additional 1,806 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at about $2,070,000. Finally, Quantinno Capital Management LP boosted its holdings in Global X U.S. Infrastructure Development ETF by 36.8% during the 2nd quarter. Quantinno Capital Management LP now owns 9,118 shares of the company’s stock valued at $397,000 after acquiring an additional 2,451 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

BATS PAVE opened at $58.56 on Friday. The company has a market cap of $11.57 billion, a P/E ratio of 23.34 and a beta of 1.24. The stock has a 50-day moving average of $56.19 and a two-hundred day moving average of $52.94. Global X U.S. Infrastructure Development ETF has a 1-year low of $41.65 and a 1-year high of $59.21.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.