ZEGA Investments LLC Boosts Stock Position in Global X U.S. Infrastructure Development ETF $PAVE

ZEGA Investments LLC lifted its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 57.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,616 shares of the company’s stock after purchasing an additional 18,381 shares during the quarter. ZEGA Investments LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,982,000 as of its most recent SEC filing.

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

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE opened at $54.69 on Friday. The business’s 50-day moving average is $56.93 and its two-hundred day moving average is $55.51. The company has a market capitalization of $10.80 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $45.44 and a fifty-two week 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.