Global X U.S. Infrastructure Development ETF $PAVE Stock Purchased by Moneco Advisors LLC

Moneco Advisors LLC lifted its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 15.6% in the third quarter, HoldingsChannel reports. The fund owned 96,323 shares of the company’s stock after acquiring an additional 12,979 shares during the period. Moneco Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $5,057,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. TD Waterhouse Canada Inc. boosted its position in shares of Global X U.S. Infrastructure Development ETF by 57.7% in the second quarter. TD Waterhouse Canada Inc. now owns 28,311 shares of the company’s stock worth $1,668,000 after purchasing an additional 10,356 shares during the period. Capital Advantage Inc. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 8.4% in the second quarter. Capital Advantage Inc. now owns 128,370 shares of the company’s stock worth $7,564,000 after purchasing an additional 9,927 shares in the last quarter. Petra Financial Advisors Inc. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the first quarter worth $461,000. Integrated Wealth Concepts LLC increased its stake in shares of Global X U.S. Infrastructure Development ETF by 111.0% in the second quarter. Integrated Wealth Concepts LLC now owns 75,832 shares of the company’s stock worth $4,468,000 after purchasing an additional 39,885 shares in the last quarter. Finally, First Heartland Consultants Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at $2,117,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock opened at $53.28 on Wednesday. Global X U.S. Infrastructure Development ETF has a one year low of $45.44 and a one year high of $60.43. The company’s fifty day moving average price is $53.31 and its 200-day moving average price is $54.77. The company has a market capitalization of $13.54 billion, a price-to-earnings ratio of 24.12 and a beta of 1.20.

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.