Alaska Wealth Advisors LLC Buys Shares of 21,337 Global X U.S. Infrastructure Development ETF $PAVE

Alaska Wealth Advisors LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 21,337 shares of the company’s stock, valued at approximately $1,084,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alaska Permanent Capital Management LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter valued at about $4,009,000. Harbor Investment Advisory LLC lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 9.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 28,243 shares of the company’s stock worth $1,435,000 after acquiring an additional 2,473 shares during the last quarter. Flagstar Advisors Inc. purchased a new position in Global X U.S. Infrastructure Development ETF in the first quarter worth $282,000. Moss Adams Wealth Advisors LLC increased its stake in Global X U.S. Infrastructure Development ETF by 3.0% in the first quarter. Moss Adams Wealth Advisors LLC now owns 1,816,958 shares of the company’s stock valued at $92,320,000 after acquiring an additional 52,695 shares during the last quarter. Finally, Apollon Financial LLC raised its position in Global X U.S. Infrastructure Development ETF by 16.9% during the first quarter. Apollon Financial LLC now owns 6,492 shares of the company’s stock valued at $330,000 after purchasing an additional 940 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Trading Down 2.1%

PAVE opened at $57.68 on Thursday. The stock has a market capitalization of $11.40 billion, a P/E ratio of 23.34 and a beta of 1.24. The stock has a 50-day moving average price of $56.82 and a 200-day moving average price of $53.55. Global X U.S. Infrastructure Development ETF has a 12-month low of $43.87 and a 12-month 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.