53,147 Shares in Global X U.S. Infrastructure Development ETF $PAVE Purchased by APS Management Group Inc.

APS Management Group Inc. purchased a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 53,147 shares of the company’s stock, valued at approximately $2,531,000. Global X U.S. Infrastructure Development ETF comprises about 1.8% of APS Management Group Inc.’s holdings, making the stock its 12th biggest holding.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 281.3% during the second quarter. JPMorgan Chase & Co. now owns 3,485,063 shares of the company’s stock valued at $151,879,000 after purchasing an additional 2,570,976 shares in the last quarter. Laurel Wealth Advisors LLC boosted its stake in Global X U.S. Infrastructure Development ETF by 4,209.9% in the second quarter. Laurel Wealth Advisors LLC now owns 2,694,465 shares of the company’s stock valued at $117,425,000 after acquiring an additional 2,631,947 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 27.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,013,659 shares of the company’s stock worth $87,755,000 after purchasing an additional 430,335 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 1.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,559,130 shares of the company’s stock worth $67,947,000 after purchasing an additional 22,547 shares during the period. Finally, CW Advisors LLC lifted its stake in Global X U.S. Infrastructure Development ETF by 19.4% in the second quarter. CW Advisors LLC now owns 1,401,130 shares of the company’s stock valued at $61,061,000 after purchasing an additional 227,349 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

BATS:PAVE opened at $49.98 on Wednesday. The company has a market capitalization of $9.87 billion, a P/E ratio of 23.34 and a beta of 1.24. The business has a fifty day simple moving average of $48.17 and a two-hundred day simple moving average of $46.90. Global X U.S. Infrastructure Development ETF has a 1 year low of $32.65 and a 1 year high of $46.26.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.