Tenet Wealth Partners LLC acquired a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 103,461 shares of the company’s stock, valued at approximately $5,947,000. Global X U.S. Infrastructure Development ETF accounts for approximately 4.4% of Tenet Wealth Partners LLC’s investment portfolio, making the stock its 3rd biggest position. Tenet Wealth Partners LLC owned approximately 0.05% of Global X U.S. Infrastructure Development ETF at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth $25,000. Axiom Investment Management LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter valued at about $28,000. Compass Financial Management LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at about $28,000. NBT Bank N A NY bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter valued at about $29,000. Finally, Clearstead Trust LLC acquired a new stake in Global X U.S. Infrastructure Development ETF during the first quarter worth about $31,000.
Global X U.S. Infrastructure Development ETF Stock Up 0.9%
Shares of BATS PAVE opened at $55.16 on Friday. The firm’s 50-day moving average price is $56.85 and its two-hundred day moving average price is $55.51. Global X U.S. Infrastructure Development ETF has a 52-week low of $45.44 and a 52-week high of $60.43. The stock has a market capitalization of $10.90 billion, a P/E ratio of 23.34 and a beta of 1.24.
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.
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