Global X U.S. Infrastructure Development ETF $PAVE Shares Bought by Nvest Financial LLC

Nvest Financial LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 31.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 48,323 shares of the company’s stock after purchasing an additional 11,438 shares during the period. Global X U.S. Infrastructure Development ETF comprises approximately 0.9% of Nvest Financial LLC’s portfolio, making the stock its 28th biggest holding. Nvest Financial LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,455,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PAVE. Bank of Montreal Can raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.7% in the 4th quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock worth $1,177,704,000 after purchasing an additional 868,412 shares in the last quarter. Bank of America Corp DE boosted its holdings in Global X U.S. Infrastructure Development ETF by 7.2% during the third quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock worth $1,155,476,000 after buying an additional 1,625,360 shares in the last quarter. Morgan Stanley grew its position in Global X U.S. Infrastructure Development ETF by 2.9% in the fourth 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 last quarter. LPL Financial LLC grew its position in Global X U.S. Infrastructure Development ETF by 4.7% in 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 during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 37.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock valued at $299,095,000 after buying an additional 1,694,808 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS PAVE opened at $57.15 on Monday. Global X U.S. Infrastructure Development ETF has a 1 year low of $43.87 and a 1 year high of $60.43. The business’s fifty day moving average is $56.90 and its two-hundred day moving average is $53.66. The stock has a market capitalization of $11.29 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.