Connecticut Wealth Management LLC Buys 36,436 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Connecticut Wealth Management LLC lifted its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 232.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,133 shares of the company’s stock after acquiring an additional 36,436 shares during the period. Connecticut Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,491,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in PAVE. Jane Street Group LLC raised its position in shares of Global X U.S. Infrastructure Development ETF by 11.1% in the 1st quarter. Jane Street Group LLC now owns 20,867 shares of the company’s stock worth $787,000 after acquiring an additional 2,081 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Global X U.S. Infrastructure Development ETF by 1,294.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 22,442 shares of the company’s stock worth $978,000 after acquiring an additional 20,833 shares in the last quarter. Diversify Advisory Services LLC raised its position in shares of Global X U.S. Infrastructure Development ETF by 6.6% in the 2nd quarter. Diversify Advisory Services LLC now owns 29,047 shares of the company’s stock worth $1,354,000 after acquiring an additional 1,806 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth $2,070,000. Finally, Quantinno Capital Management LP raised its position in shares of Global X U.S. Infrastructure Development ETF by 36.8% in the 2nd quarter. Quantinno Capital Management LP now owns 9,118 shares of the company’s stock worth $397,000 after acquiring an additional 2,451 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Trading Up 3.4%

PAVE opened at $57.18 on Friday. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12 month low of $41.65 and a 12 month high of $58.55. The stock has a fifty day moving average price of $55.42 and a 200-day moving average price of $52.55.

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.