Thrivent Financial for Lutherans lifted its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 29.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 491,637 shares of the company’s stock after acquiring an additional 110,668 shares during the quarter. Thrivent Financial for Lutherans owned 0.25% of Global X U.S. Infrastructure Development ETF worth $23,499,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth $25,000. Darwin Wealth Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF during the second quarter worth about $25,000. eCIO Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $27,000. Fortitude Family Office LLC acquired a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $33,000. Finally, Millstone Evans Group LLC acquired a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $33,000.
Global X U.S. Infrastructure Development ETF Price Performance
PAVE opened at $55.41 on Monday. The firm has a market cap of $10.95 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $40.61 and a fifty-two week high of $58.55. The company’s 50-day moving average price is $53.44 and its 200 day moving average price is $51.40.
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.
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