Global X U.S. Infrastructure Development ETF $PAVE Shares Acquired by Meitav Investment House Ltd.

Meitav Investment House Ltd. increased its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,221,025 shares of the company’s stock after buying an additional 15,730 shares during the period. Meitav Investment House Ltd. owned about 0.62% of Global X U.S. Infrastructure Development ETF worth $62,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Gateway Wealth Partners LLC raised its position in Global X U.S. Infrastructure Development ETF by 3.7% during the fourth quarter. Gateway Wealth Partners LLC now owns 5,169 shares of the company’s stock worth $247,000 after acquiring an additional 183 shares during the period. Arete Wealth Advisors LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 3.8% in the fourth quarter. Arete Wealth Advisors LLC now owns 5,058 shares of the company’s stock valued at $242,000 after purchasing an additional 186 shares during the period. AIFG Consultants Ltd. grew its position in shares of Global X U.S. Infrastructure Development ETF by 1.0% in the fourth quarter. AIFG Consultants Ltd. now owns 19,194 shares of the company’s stock valued at $917,000 after purchasing an additional 189 shares during the period. IFG Advisory LLC increased its stake in shares of Global X U.S. Infrastructure Development ETF by 2.3% during the fourth quarter. IFG Advisory LLC now owns 8,491 shares of the company’s stock worth $406,000 after purchasing an additional 194 shares in the last quarter. Finally, Stephens Inc. AR increased its stake in shares of Global X U.S. Infrastructure Development ETF by 1.4% during the first quarter. Stephens Inc. AR now owns 14,302 shares of the company’s stock worth $727,000 after purchasing an additional 194 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE traded down $1.76 during mid-day trading on Tuesday, hitting $56.07. 567,590 shares of the company were exchanged, compared to its average volume of 1,722,842. Global X U.S. Infrastructure Development ETF has a 1-year low of $43.87 and a 1-year high of $60.43. The company has a 50 day moving average of $56.93 and a 200-day moving average of $53.73. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24.

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.