Global X U.S. Infrastructure Development ETF $PAVE Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp increased its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 7.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,617 shares of the company’s stock after acquiring an additional 338 shares during the period. Fifth Third Bancorp’s holdings in Global X U.S. Infrastructure Development ETF were worth $201,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Arlington Trust Co LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter worth about $32,000. Elevation Wealth Partners LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth about $52,000. GAMMA Investing LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth about $71,000. Larson Financial Group LLC increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 1,359.9% in the 1st quarter. Larson Financial Group LLC now owns 2,219 shares of the company’s stock worth $84,000 after acquiring an additional 2,067 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter worth about $87,000.

Global X U.S. Infrastructure Development ETF Stock Up 15.0%

Shares of PAVE opened at $47.66 on Wednesday. The firm has a 50-day moving average price of $46.39 and a 200 day moving average price of $42.55. The firm has a market capitalization of $9.41 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 52-week low of $32.65 and a 52-week high of $46.26.

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.