Merit Financial Group LLC Has $4.02 Million Position in Global X U.S. Infrastructure Development ETF $PAVE

Merit Financial Group LLC reduced its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 11.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 84,060 shares of the company’s stock after selling 10,585 shares during the quarter. Merit Financial Group LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $4,017,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JNBA Financial Advisors lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 40.4% during the fourth quarter. JNBA Financial Advisors now owns 712 shares of the company’s stock worth $34,000 after buying an additional 205 shares during the last quarter. Valmark Advisers Inc. raised its stake in shares of Global X U.S. Infrastructure Development ETF by 2.2% in the fourth quarter. Valmark Advisers Inc. now owns 9,778 shares of the company’s stock valued at $467,000 after purchasing an additional 209 shares in the last quarter. Smith Moore & CO. raised its stake in shares of Global X U.S. Infrastructure Development ETF by 1.5% in the fourth quarter. Smith Moore & CO. now owns 16,305 shares of the company’s stock valued at $779,000 after purchasing an additional 245 shares in the last quarter. Bard Associates Inc. raised its stake in shares of Global X U.S. Infrastructure Development ETF by 1.3% in the third quarter. Bard Associates Inc. now owns 20,503 shares of the company’s stock valued at $977,000 after purchasing an additional 269 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of Global X U.S. Infrastructure Development ETF by 6.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 4,691 shares of the company’s stock valued at $223,000 after purchasing an additional 287 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE stock opened at $55.06 on Monday. The stock’s fifty day moving average is $52.98 and its 200-day moving average is $50.31. The stock has a market capitalization of $10.88 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 52 week low of $34.93 and a 52 week high of $56.74.

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.