Hsbc Holdings PLC Buys 10,554 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Hsbc Holdings PLC raised its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 41.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 35,855 shares of the company’s stock after purchasing an additional 10,554 shares during the quarter. Hsbc Holdings PLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Capital Asset Advisory Services LLC boosted its position in Global X U.S. Infrastructure Development ETF by 4.4% during the fourth quarter. Capital Asset Advisory Services LLC now owns 990,479 shares of the company’s stock worth $49,494,000 after purchasing an additional 41,513 shares during the period. Elm3 Financial Group LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $440,000. First Interstate Bank raised its position in shares of Global X U.S. Infrastructure Development ETF by 1.3% in the fourth quarter. First Interstate Bank now owns 1,212,934 shares of the company’s stock valued at $57,966,000 after purchasing an additional 15,183 shares during the period. Stonebridge Financial Group LLC lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 3,578.4% during the 4th quarter. Stonebridge Financial Group LLC now owns 304,126 shares of the company’s stock worth $14,534,000 after buying an additional 295,858 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth about $163,051,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE stock opened at $58.92 on Wednesday. Global X U.S. Infrastructure Development ETF has a 52 week low of $43.32 and a 52 week high of $60.43. The company has a market capitalization of $11.64 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The company has a 50-day simple moving average of $56.78 and a 200 day simple moving average of $53.49.

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.