Petra Financial Advisors Inc. Invests $461,000 in Global X U.S. Infrastructure Development ETF $PAVE

Petra Financial Advisors Inc. purchased a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the first quarter, Holdings Channel.com reports. The firm purchased 9,073 shares of the company’s stock, valued at approximately $461,000.

A number of other institutional investors have also made changes to their positions in the business. Jane Street Group LLC increased its position in Global X U.S. Infrastructure Development ETF by 11.1% in the 1st quarter. Jane Street Group LLC now owns 20,867 shares of the company’s stock valued at $787,000 after acquiring an additional 2,081 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 1,294.8% during the second quarter. Russell Investments Group Ltd. now owns 22,442 shares of the company’s stock worth $978,000 after purchasing an additional 20,833 shares in the last quarter. Diversify Advisory Services LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 6.6% during the second quarter. Diversify Advisory Services LLC now owns 29,047 shares of the company’s stock worth $1,354,000 after purchasing an additional 1,806 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the second quarter valued at approximately $2,070,000. Finally, Quantinno Capital Management LP grew its stake in shares of Global X U.S. Infrastructure Development ETF by 36.8% during the second quarter. Quantinno Capital Management LP now owns 9,118 shares of the company’s stock valued at $397,000 after purchasing an additional 2,451 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of Global X U.S. Infrastructure Development ETF stock opened at $56.20 on Wednesday. The firm has a 50 day simple moving average of $56.88 and a 200 day simple moving average of $54.32. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $44.28 and a fifty-two week high of $60.43. The firm has a market cap of $11.10 billion, a P/E 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.