ARQ Wealth Advisors LLC Has $4.80 Million Position in Global X U.S. Infrastructure Development ETF $PAVE

ARQ Wealth Advisors LLC grew its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 36.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,855 shares of the company’s stock after acquiring an additional 26,713 shares during the period. Global X U.S. Infrastructure Development ETF comprises about 1.4% of ARQ Wealth Advisors LLC’s portfolio, making the stock its 21st largest holding. ARQ Wealth Advisors LLC owned 0.05% of Global X U.S. Infrastructure Development ETF worth $4,804,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PAVE. Jane Street Group LLC grew its holdings in Global X U.S. Infrastructure Development ETF by 11.1% during the first quarter. Jane Street Group LLC now owns 20,867 shares of the company’s stock worth $787,000 after purchasing an additional 2,081 shares during the period. Foundations Investment Advisors LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the second quarter valued at approximately $457,000. SG Americas Securities LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $834,000. Avantax Advisory Services Inc. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 5.9% during the 2nd quarter. Avantax Advisory Services Inc. now owns 144,336 shares of the company’s stock worth $6,290,000 after acquiring an additional 8,017 shares during the period. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 61.5% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 34,140 shares of the company’s stock worth $1,492,000 after acquiring an additional 12,995 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Trading Up 0.4%

PAVE opened at $50.87 on Wednesday. The stock’s fifty day simple moving average is $52.67 and its 200 day simple moving average is $49.46. Global X U.S. Infrastructure Development ETF has a 1-year low of $32.65 and a 1-year high of $56.74. The stock has a market cap of $10.05 billion, a PE ratio of 23.34 and a beta of 1.24.

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