Diversify Wealth Management LLC Buys New Position in Global X U.S. Infrastructure Development ETF $PAVE

Diversify Wealth Management LLC bought a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 50,560 shares of the company’s stock, valued at approximately $2,787,000.

Several other hedge funds also recently modified their holdings of PAVE. Bank of Montreal Can raised its position in shares of Global X U.S. Infrastructure Development ETF by 3.7% in the fourth quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock valued at $1,177,704,000 after buying an additional 868,412 shares during the last quarter. Bank of America Corp DE boosted its position in Global X U.S. Infrastructure Development ETF by 7.2% during the third quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock worth $1,155,476,000 after acquiring an additional 1,625,360 shares during the last quarter. Morgan Stanley boosted its position in Global X U.S. Infrastructure Development ETF by 2.9% during the fourth quarter. Morgan Stanley now owns 10,218,475 shares of the company’s stock worth $488,341,000 after acquiring an additional 288,691 shares during the last quarter. LPL Financial LLC boosted its position in Global X U.S. Infrastructure Development ETF by 4.7% during the fourth quarter. LPL Financial LLC now owns 7,627,988 shares of the company’s stock worth $364,542,000 after acquiring an additional 340,014 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in Global X U.S. Infrastructure Development ETF by 37.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock worth $299,095,000 after acquiring an additional 1,694,808 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE opened at $56.23 on Tuesday. The stock has a fifty day moving average of $56.97 and a two-hundred day moving average of $54.00. The company has a market capitalization of $11.11 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $43.87 and a fifty-two week high of $60.43.

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.