Fifth Third Bancorp Boosts Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Fifth Third Bancorp grew its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 581.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,889 shares of the company’s stock after buying an additional 57,932 shares during the period. Fifth Third Bancorp’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,449,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Global X U.S. Infrastructure Development ETF by 37.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock valued at $299,095,000 after acquiring an additional 1,694,808 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Global X U.S. Infrastructure Development ETF by 30.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,736,398 shares of the company’s stock worth $226,353,000 after acquiring an additional 1,106,276 shares during the last quarter. Bank of Montreal Can increased its stake in Global X U.S. Infrastructure Development ETF by 3.7% during the fourth quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock worth $1,177,704,000 after acquiring an additional 868,412 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at $35,769,000. Finally, Kestra Investment Management LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $32,201,000.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS PAVE opened at $56.30 on Monday. The stock has a market cap of $11.12 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a twelve month low of $44.28 and a twelve month high of $60.43. The stock has a fifty day simple moving average of $56.91 and a 200-day simple moving average of $54.21.

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.