Western Wealth Management LLC Buys 13,844 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Western Wealth Management LLC increased its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 35.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,000 shares of the company’s stock after buying an additional 13,844 shares during the period. Western Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,693,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $25,000. eCIO Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $27,000. NBT Bank N A NY acquired a new stake in Global X U.S. Infrastructure Development ETF in the first quarter valued at approximately $29,000. Clearstead Trust LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the first quarter valued at approximately $31,000. Finally, Millstone Evans Group LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $33,000.

Global X U.S. Infrastructure Development ETF Stock Up 0.5%

Shares of BATS:PAVE opened at $56.36 on Friday. Global X U.S. Infrastructure Development ETF has a twelve month low of $44.28 and a twelve month high of $60.43. The stock’s 50 day moving average is $57.13 and its 200-day moving average is $54.70. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 23.34 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. PAVE was launched on Mar 6, 2017 and is managed by Global X.