Avantax Advisory Services Inc. boosted its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,336 shares of the company’s stock after buying an additional 8,017 shares during the period. Avantax Advisory Services Inc. owned 0.07% of Global X U.S. Infrastructure Development ETF worth $6,290,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the second quarter valued at about $26,000. Avalon Trust Co purchased a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth $29,000. Private Wealth Asset Management LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at about $32,000. Global Trust Asset Management LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at approximately $35,000. Finally, Elevation Wealth Partners LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the second quarter valued at $52,000.
Global X U.S. Infrastructure Development ETF Stock Up 11.4%
Shares of BATS:PAVE opened at $46.19 on Wednesday. Global X U.S. Infrastructure Development ETF has a 52-week low of $32.65 and a 52-week high of $46.26. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The business has a 50-day moving average price of $47.43 and a 200-day moving average price of $45.23.
About Global X U.S. Infrastructure Development ETF
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.
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