Sonoma Allocations LLC Has $1.66 Million Stake in Global X U.S. Infrastructure Development ETF $PAVE

Sonoma Allocations LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 67.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,422 shares of the company’s stock after purchasing an additional 11,409 shares during the period. Sonoma Allocations LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,659,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in Global X U.S. Infrastructure Development ETF by 3.7% in the 1st quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock valued at $1,295,627,000 after purchasing an additional 903,562 shares during the period. Bank of Montreal Can increased its position in Global X U.S. Infrastructure Development ETF by 3.7% during the 4th quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock worth $1,177,704,000 after buying an additional 868,412 shares during the period. Morgan Stanley increased its position in Global X U.S. Infrastructure Development ETF by 2.9% during the 4th quarter. Morgan Stanley now owns 10,218,475 shares of the company’s stock worth $488,341,000 after buying an additional 288,691 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 43.3% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock worth $454,147,000 after buying an additional 2,699,000 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 4.7% during the fourth quarter. LPL Financial LLC now owns 7,627,988 shares of the company’s stock worth $364,542,000 after buying an additional 340,014 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of Global X U.S. Infrastructure Development ETF stock opened at $58.69 on Friday. The firm has a 50-day moving average of $57.35 and a 200-day moving average of $54.96. The stock has a market cap of $11.59 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 52-week low of $45.29 and a 52-week 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.