Barnes Pettey Financial Advisors LLC bought a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,722 shares of the company’s stock, valued at approximately $206,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at about $26,000. Avalon Trust Co acquired a new position in Global X U.S. Infrastructure Development ETF during the second quarter valued at approximately $29,000. Private Wealth Asset Management LLC bought a new position in Global X U.S. Infrastructure Development ETF in the second quarter valued at approximately $32,000. Global Trust Asset Management LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $35,000. Finally, Elevation Wealth Partners LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $52,000.
Global X U.S. Infrastructure Development ETF Trading Up 12.1%
BATS PAVE opened at $46.47 on Friday. Global X U.S. Infrastructure Development ETF has a 12 month low of $32.65 and a 12 month high of $46.26. The stock has a 50 day moving average of $47.39 and a 200-day moving average of $45.33. The company has a market cap of $9.18 billion, a PE ratio of 23.34 and a beta of 1.24.
Global X U.S. Infrastructure Development ETF 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.
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