WT Wealth Management Raises Stake in Global X U.S. Infrastructure Development ETF $PAVE

WT Wealth Management grew its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 12.8% in the first quarter, Holdings Channel reports. The fund owned 100,857 shares of the company’s stock after purchasing an additional 11,464 shares during the period. Global X U.S. Infrastructure Development ETF accounts for about 1.5% of WT Wealth Management’s portfolio, making the stock its 20th largest holding. WT Wealth Management’s holdings in Global X U.S. Infrastructure Development ETF were worth $5,125,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Kestra Private Wealth Services LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 43.9% in the first quarter. Kestra Private Wealth Services LLC now owns 75,537 shares of the company’s stock valued at $3,838,000 after purchasing an additional 23,048 shares during the period. RFG Advisory LLC raised its stake in Global X U.S. Infrastructure Development ETF by 21.9% during the first quarter. RFG Advisory LLC now owns 16,118 shares of the company’s stock worth $819,000 after purchasing an additional 2,894 shares during the period. HHM Wealth Advisors LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the first quarter worth about $47,000. PMG Wealth Management Inc. boosted its holdings in Global X U.S. Infrastructure Development ETF by 3.7% in the 1st quarter. PMG Wealth Management Inc. now owns 95,387 shares of the company’s stock valued at $4,847,000 after purchasing an additional 3,380 shares during the last quarter. Finally, Krilogy Financial LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the 1st quarter valued at about $201,000.

Global X U.S. Infrastructure Development ETF Price Performance

Global X U.S. Infrastructure Development ETF stock opened at $58.84 on Friday. The firm has a 50 day simple moving average of $56.61 and a 200-day simple moving average of $53.31. The stock has a market cap of $11.62 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 1-year low of $43.32 and a 1-year high of $60.43.

Global X U.S. Infrastructure Development ETF 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.