125,750 Shares in Global X U.S. Infrastructure Development ETF $PAVE Bought by Copley Financial Group Inc.

Copley Financial Group Inc. purchased a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 125,750 shares of the company’s stock, valued at approximately $6,010,000. Global X U.S. Infrastructure Development ETF makes up about 3.7% of Copley Financial Group Inc.’s investment portfolio, making the stock its 9th biggest holding. Copley Financial Group Inc. owned about 0.06% of Global X U.S. Infrastructure Development ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PAVE. Bluedoor Private Wealth LLC bought a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at about $603,000. MML Investors Services LLC lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 19.0% during the 4th quarter. MML Investors Services LLC now owns 655,062 shares of the company’s stock worth $31,305,000 after acquiring an additional 104,554 shares during the period. Focus Partners Wealth lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 1.2% during the 4th quarter. Focus Partners Wealth now owns 566,157 shares of the company’s stock worth $27,011,000 after acquiring an additional 6,799 shares during the period. Arax Advisory Partners acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $147,000. Finally, Brown Advisory Inc. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $952,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS:PAVE opened at $58.50 on Wednesday. Global X U.S. Infrastructure Development ETF has a 1 year low of $41.65 and a 1 year high of $59.16. The stock has a market capitalization of $11.56 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The company’s 50 day simple moving average is $55.82 and its 200 day simple moving average is $52.77.

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.