Modern Wealth Management LLC Takes $1.05 Million Position in Global X U.S. Infrastructure Development ETF $PAVE

Modern Wealth Management LLC acquired a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,268 shares of the company’s stock, valued at approximately $1,048,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC grew its position in Global X U.S. Infrastructure Development ETF by 11.1% in the 1st quarter. Jane Street Group LLC now owns 20,867 shares of the company’s stock worth $787,000 after purchasing an additional 2,081 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Global X U.S. Infrastructure Development ETF by 1,294.8% during the second quarter. Russell Investments Group Ltd. now owns 22,442 shares of the company’s stock valued at $978,000 after buying an additional 20,833 shares during the last quarter. Diversify Advisory Services LLC raised its position in shares of Global X U.S. Infrastructure Development ETF by 6.6% during the second quarter. Diversify Advisory Services LLC now owns 29,047 shares of the company’s stock valued at $1,354,000 after buying an additional 1,806 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the second quarter valued at about $2,070,000. Finally, Quantinno Capital Management LP lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 36.8% in the second quarter. Quantinno Capital Management LP now owns 9,118 shares of the company’s stock valued at $397,000 after buying an additional 2,451 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE stock opened at $57.69 on Monday. Global X U.S. Infrastructure Development ETF has a twelve month low of $44.28 and a twelve month high of $60.43. The company has a market cap of $11.40 billion, a PE ratio of 23.34 and a beta of 1.24. The business’s 50-day simple moving average is $56.94 and its 200 day simple moving average is $54.50.

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.