Cornerstone Wealth LLC TN Takes $1.41 Million Position in Global X U.S. Infrastructure Development ETF $PAVE

Cornerstone Wealth LLC TN purchased a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 25,296 shares of the company’s stock, valued at approximately $1,410,000.

A number of other institutional investors have also made changes to their positions in the stock. Darwin Wealth Management LLC bought a new stake in Global X U.S. Infrastructure Development ETF in the second quarter valued at about $25,000. NBT Bank N A NY bought a new position in Global X U.S. Infrastructure Development ETF during the first quarter worth about $29,000. eCIO Inc. bought a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $27,000. Clearstead Trust LLC bought a new position in Global X U.S. Infrastructure Development ETF during the first quarter worth about $31,000. Finally, Fortitude Family Office LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth about $33,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock opened at $54.99 on Thursday. The stock has a 50-day moving average of $57.07 and a 200-day moving average of $54.65. Global X U.S. Infrastructure Development ETF has a one year low of $44.28 and a one year high of $60.43. The stock has a market cap of $10.86 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.