Owen LaRue LLC Invests $1.37 Million in Global X U.S. Infrastructure Development ETF $PAVE

Owen LaRue LLC bought a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,743 shares of the company’s stock, valued at approximately $1,369,000.

Several other institutional investors have also added to or reduced their stakes in PAVE. Sequoia Financial Advisors LLC increased its stake in Global X U.S. Infrastructure Development ETF by 1.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,961 shares of the company’s stock worth $783,000 after acquiring an additional 225 shares during the last quarter. Insight Advisors LLC PA grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 0.9% in the second quarter. Insight Advisors LLC PA now owns 28,739 shares of the company’s stock valued at $1,252,000 after purchasing an additional 270 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position 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 worth $223,000 after purchasing an additional 287 shares during the last quarter. Princeton Global Asset Management LLC raised its stake in Global X U.S. Infrastructure Development ETF by 0.9% during the third quarter. Princeton Global Asset Management LLC now owns 34,666 shares of the company’s stock valued at $1,651,000 after purchasing an additional 295 shares in the last quarter. Finally, Royal Harbor Partners LLC raised its stake in Global X U.S. Infrastructure Development ETF by 0.8% during the third quarter. Royal Harbor Partners LLC now owns 41,275 shares of the company’s stock valued at $1,966,000 after purchasing an additional 325 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 23.3%

Shares of BATS:PAVE opened at $51.10 on Friday. The firm has a fifty day simple moving average of $48.92 and a two-hundred day simple moving average of $47.50. Global X U.S. Infrastructure Development ETF has a 52 week low of $32.65 and a 52 week high of $46.26. The stock has a market capitalization of $10.09 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.