Stonebridge Financial Group LLC Increases Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Stonebridge Financial Group LLC increased its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3,578.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 304,126 shares of the company’s stock after acquiring an additional 295,858 shares during the period. Global X U.S. Infrastructure Development ETF makes up about 1.2% of Stonebridge Financial Group LLC’s investment portfolio, making the stock its 24th biggest position. Stonebridge Financial Group LLC owned approximately 0.15% of Global X U.S. Infrastructure Development ETF worth $14,534,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bard Associates Inc. boosted its position 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 in the last quarter. Wilmington Savings Fund Society FSB increased its position 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 buying an additional 287 shares in the last quarter. Princeton Global Asset Management LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF by 0.9% during the 3rd quarter. Princeton Global Asset Management LLC now owns 34,666 shares of the company’s stock worth $1,651,000 after buying an additional 295 shares during the last quarter. Silvia Mccoll Wealth Management LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF by 6.3% during the 4th quarter. Silvia Mccoll Wealth Management LLC now owns 5,084 shares of the company’s stock worth $243,000 after buying an additional 300 shares during the last quarter. Finally, Barnes Wealth Management Group Inc boosted its position in shares of Global X U.S. Infrastructure Development ETF by 5.5% in 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.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of BATS PAVE opened at $51.30 on Monday. The stock has a market cap of $10.13 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. The company’s 50-day moving average price is $52.59 and its 200 day moving average price is $49.82.

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.