Dynamic Advisor Solutions LLC Increases Stock Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Dynamic Advisor Solutions LLC raised its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,011 shares of the company’s stock after purchasing an additional 429 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $302,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Cascade Financial Partners LLC increased its stake in Global X U.S. Infrastructure Development ETF by 0.9% in the fourth quarter. Cascade Financial Partners LLC now owns 29,815 shares of the company’s stock valued at $1,205,000 after purchasing an additional 262 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 3.9% during the fourth quarter. Fisher Asset Management LLC now owns 7,447 shares of the company’s stock worth $301,000 after acquiring an additional 282 shares during the last quarter. Level Four Advisory Services LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 1.4% during the fourth quarter. Level Four Advisory Services LLC now owns 28,614 shares of the company’s stock worth $1,156,000 after acquiring an additional 397 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 0.6% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 74,361 shares of the company’s stock worth $3,005,000 after acquiring an additional 409 shares during the last quarter. Finally, Secure Asset Management LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 3.4% during the first quarter. Secure Asset Management LLC now owns 13,132 shares of the company’s stock worth $495,000 after acquiring an additional 437 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Trading Up 1.4%

Shares of PAVE opened at $42.05 on Friday. The firm has a market cap of $8.29 billion, a PE ratio of 23.02 and a beta of 1.24. The company’s 50 day simple moving average is $40.22 and its 200-day simple moving average is $40.46. Global X U.S. Infrastructure Development ETF has a 12-month low of $32.65 and a 12-month high of $46.18.

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.