Elm3 Financial Group LLC Acquires Shares of 9,212 Global X U.S. Infrastructure Development ETF $PAVE

Elm3 Financial Group LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,212 shares of the company’s stock, valued at approximately $440,000.

Other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the third quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the second quarter valued at approximately $25,000. eCIO Inc. acquired a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $33,000. Finally, Motco acquired a new position in Global X U.S. Infrastructure Development ETF during the third quarter valued at approximately $34,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE opened at $54.58 on Friday. The firm has a 50 day simple moving average of $52.73 and a two-hundred day simple moving average of $49.95. The company has a market cap of $10.78 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a one year low of $34.64 and a one year high of $56.74.

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.