Simplicity Solutions LLC Takes $386,000 Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Simplicity Solutions LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,199 shares of the company’s stock, valued at approximately $386,000.

Other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 38.7% during the 1st quarter. US Bancorp DE now owns 5,575 shares of the company’s stock worth $158,000 after purchasing an additional 1,555 shares in the last quarter. Citigroup Inc. grew its stake in Global X U.S. Infrastructure Development ETF by 61.2% during the first quarter. Citigroup Inc. now owns 26,130 shares of the company’s stock worth $739,000 after buying an additional 9,923 shares in the last quarter. Cibc World Market Inc. increased its holdings in Global X U.S. Infrastructure Development ETF by 0.7% in the 1st quarter. Cibc World Market Inc. now owns 119,433 shares of the company’s stock valued at $3,378,000 after buying an additional 822 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter valued at approximately $480,000. Finally, Baird Financial Group Inc. lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 32.5% during the 1st quarter. Baird Financial Group Inc. now owns 172,422 shares of the company’s stock worth $4,876,000 after acquiring an additional 42,330 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Down 0.2 %

BATS PAVE opened at $37.29 on Friday. The firm’s 50 day simple moving average is $38.11 and its 200 day simple moving average is $34.24. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 20.75 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 1 year low of $13.80 and a 1 year high of $17.80.

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.