M Holdings Securities Inc. Makes New $2.24 Million Investment in Global X U.S. Infrastructure Development ETF $PAVE

M Holdings Securities Inc. acquired a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 34,944 shares of the company’s stock, valued at approximately $2,241,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF during the second quarter worth approximately $25,000. Axiom Investment Management LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the first quarter valued at approximately $28,000. Compass Financial Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $28,000. NBT Bank N A NY acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter worth approximately $29,000. Finally, Clearstead Trust LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter valued at $31,000.

Global X U.S. Infrastructure Development ETF Price Performance

BATS:PAVE opened at $55.31 on Monday. Global X U.S. Infrastructure Development ETF has a twelve month low of $45.44 and a twelve month high of $60.43. The company has a fifty day moving average of $57.28 and a 200-day moving average of $55.53. The firm has a market capitalization of $10.93 billion, a P/E 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.