Alaska Permanent Capital Management LLC Takes $4.01 Million Position in Global X U.S. Infrastructure Development ETF $PAVE

Alaska Permanent Capital Management LLC acquired a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 78,898 shares of the company’s stock, valued at approximately $4,009,000. Global X U.S. Infrastructure Development ETF accounts for 0.3% of Alaska Permanent Capital Management LLC’s investment portfolio, making the stock its 22nd largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Gateway Wealth Partners LLC grew 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 valued at $247,000 after buying an additional 183 shares during the period. Arete Wealth Advisors LLC raised its position in 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 worth $242,000 after acquiring an additional 186 shares during the period. AIFG Consultants Ltd. raised its position in 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 worth $917,000 after acquiring an additional 189 shares during the period. IFG Advisory LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 2.3% during the 4th quarter. IFG Advisory LLC now owns 8,491 shares of the company’s stock worth $406,000 after acquiring an additional 194 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 2.7% during the 1st quarter. Total Clarity Wealth Management Inc. now owns 7,659 shares of the company’s stock worth $389,000 after acquiring an additional 201 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock opened at $57.68 on Thursday. The company has a market cap of $11.40 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 1 year low of $43.87 and a 1 year high of $60.43. The firm has a fifty day moving average price of $56.82 and a 200-day moving average price of $53.55.

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.