Bank of America Corp DE Has $1.16 Billion Position in Global X U.S. Infrastructure Development ETF $PAVE

Bank of America Corp DE lifted its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 7.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,259,423 shares of the company’s stock after acquiring an additional 1,625,360 shares during the period. Bank of America Corp DE owned approximately 12.28% of Global X U.S. Infrastructure Development ETF worth $1,155,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PAVE. Bard Associates Inc. grew its stake in Global X U.S. Infrastructure Development ETF by 1.3% during the third quarter. Bard Associates Inc. now owns 20,503 shares of the company’s stock worth $977,000 after purchasing an additional 269 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in 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 buying an additional 287 shares during the period. Princeton Global Asset Management LLC lifted its stake in Global X U.S. Infrastructure Development ETF by 0.9% in the third quarter. Princeton Global Asset Management LLC now owns 34,666 shares of the company’s stock valued at $1,651,000 after buying an additional 295 shares during the period. Barnes Wealth Management Group Inc boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 5.5% during the 3rd quarter. Barnes Wealth Management Group Inc now owns 6,024 shares of the company’s stock worth $287,000 after buying an additional 315 shares in the last quarter. Finally, Royal Harbor Partners LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 0.8% during the 3rd quarter. Royal Harbor Partners LLC now owns 41,275 shares of the company’s stock worth $1,966,000 after buying an additional 325 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 1.0%

Shares of PAVE stock opened at $50.68 on Tuesday. The firm has a 50 day moving average of $52.65 and a 200-day moving average of $49.43. The company has a market cap of $10.01 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 52 week low of $32.65 and a 52 week high of $56.74.

Global X U.S. Infrastructure Development ETF Company 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.