HighTower Advisors LLC Increases Stake in Global X U.S. Infrastructure Development ETF $PAVE

HighTower Advisors LLC lifted its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 4.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 784,502 shares of the company’s stock after purchasing an additional 35,224 shares during the quarter. HighTower Advisors LLC owned about 0.40% of Global X U.S. Infrastructure Development ETF worth $37,491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PAVE. Root Financial Partners LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $25,000. eCIO Inc. purchased a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $27,000. Fortitude Family Office LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $33,000. Finally, Millstone Evans Group LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $33,000.

Global X U.S. Infrastructure Development ETF Trading Up 0.1%

PAVE opened at $54.54 on Friday. Global X U.S. Infrastructure Development ETF has a 12-month low of $40.61 and a 12-month high of $58.55. The firm has a market capitalization of $10.77 billion, a PE ratio of 23.34 and a beta of 1.24. The firm has a 50 day moving average of $53.61 and a two-hundred day moving average of $51.57.

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.