Virtue Capital Management LLC Acquires New Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Virtue Capital Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,163 shares of the company’s stock, valued at approximately $1,111,000.

A number of other hedge funds also recently made changes to their positions in the company. Beaumont Financial Advisors LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 1.1% in the first quarter. Beaumont Financial Advisors LLC now owns 16,949 shares of the company’s stock valued at $861,000 after purchasing an additional 180 shares during the period. Stephens Inc. AR increased its stake in Global X U.S. Infrastructure Development ETF by 1.4% during the 1st quarter. Stephens Inc. AR now owns 14,302 shares of the company’s stock worth $727,000 after buying an additional 194 shares during the period. Willner & Heller LLC increased its stake in Global X U.S. Infrastructure Development ETF by 1.2% during the 3rd quarter. Willner & Heller LLC now owns 17,721 shares of the company’s stock worth $930,000 after buying an additional 208 shares during the period. Castleview Partners LLC increased its stake in Global X U.S. Infrastructure Development ETF by 2.1% during the 3rd quarter. Castleview Partners LLC now owns 11,082 shares of the company’s stock worth $582,000 after buying an additional 224 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in Global X U.S. Infrastructure Development ETF by 0.4% in the 2nd quarter. Baird Financial Group Inc. now owns 62,115 shares of the company’s stock worth $3,660,000 after buying an additional 230 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock opened at $54.45 on Tuesday. The company’s fifty day moving average price is $53.64 and its two-hundred day moving average price is $54.72. The firm has a market capitalization of $10.76 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12 month low of $45.44 and a 12 month high of $60.43.

About Global X U.S. Infrastructure Development ETF

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.