Great Valley Advisor Group Inc. Has $25.61 Million Stock Position in Global X U.S. Infrastructure Development ETF $PAVE

Great Valley Advisor Group Inc. increased its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 535,835 shares of the company’s stock after buying an additional 11,452 shares during the period. Great Valley Advisor Group Inc. owned 0.27% of Global X U.S. Infrastructure Development ETF worth $25,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in Global X U.S. Infrastructure Development ETF by 7.2% during the 3rd quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock worth $1,155,476,000 after purchasing an additional 1,625,360 shares during the last quarter. Bank of Montreal Can raised its holdings in Global X U.S. Infrastructure Development ETF by 4.4% during the 3rd quarter. Bank of Montreal Can now owns 23,774,892 shares of the company’s stock worth $1,132,398,000 after purchasing an additional 1,001,842 shares during the last quarter. LPL Financial LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 4.7% during the 4th quarter. LPL Financial LLC now owns 7,627,988 shares of the company’s stock worth $364,542,000 after purchasing an additional 340,014 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Global X U.S. Infrastructure Development ETF by 37.3% during 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 purchasing an additional 1,694,808 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Global X U.S. Infrastructure Development ETF by 30.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,736,398 shares of the company’s stock worth $226,353,000 after purchasing an additional 1,106,276 shares during the last quarter.

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

Shares of BATS:PAVE opened at $57.18 on Friday. The stock has a market capitalization of $11.30 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 1-year low of $41.65 and a 1-year high of $58.55. The business has a 50-day moving average price of $55.42 and a two-hundred day moving average price of $52.55.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.