Janney Montgomery Scott LLC Acquires 63,234 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Janney Montgomery Scott LLC raised its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 32.7% during the first quarter, Holdings Channel.com reports. The fund owned 256,775 shares of the company’s stock after purchasing an additional 63,234 shares during the period. Janney Montgomery Scott LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $9,688,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sofi Wealth LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth $28,000. Crowley Wealth Management Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth $28,000. Webster Bank N. A. bought a new position in shares of Global X U.S. Infrastructure Development ETF during the first quarter worth $29,000. Kestra Investment Management LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth $41,000. Finally, Glass Jacobson Investment Advisors llc boosted its position in shares of Global X U.S. Infrastructure Development ETF by 698.6% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,182 shares of the company’s stock worth $48,000 after purchasing an additional 1,034 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 1.2%

Shares of BATS PAVE opened at $41.97 on Friday. The company’s fifty day moving average is $40.33 and its 200-day moving average is $40.47. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of 23.02 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $46.18.

Global X U.S. Infrastructure Development ETF Company 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.