Paragon Advisors LLC Purchases New Stake in Global X U.S. Infrastructure Development ETF $PAVE

Paragon Advisors LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 35,378 shares of the company’s stock, valued at approximately $1,857,000.

A number of other hedge funds have also added to or reduced their stakes in PAVE. Endowment Wealth Management Inc. boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 18.2% in the 3rd quarter. Endowment Wealth Management Inc. now owns 6,943 shares of the company’s stock valued at $365,000 after purchasing an additional 1,068 shares in the last quarter. 180 Wealth Advisors LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 6.7% during the 3rd quarter. 180 Wealth Advisors LLC now owns 12,959 shares of the company’s stock worth $680,000 after buying an additional 811 shares in the last quarter. StoneX Group Inc. acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth $640,000. Axiom Investment Management LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth $52,000. Finally, American Institute for Advanced Investment Management LLP lifted its position in shares of Global X U.S. Infrastructure Development ETF by 0.5% during the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 40,965 shares of the company’s stock worth $2,151,000 after buying an additional 206 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock opened at $51.14 on Monday. The business has a fifty day simple moving average of $53.38 and a 200 day simple moving average of $54.75. The company has a market cap of $13.00 billion, a P/E ratio of 24.12 and a beta of 1.20. Global X U.S. Infrastructure Development ETF has a twelve month low of $45.44 and a twelve month high of $60.43.

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.