36,593 Shares in Global X U.S. Infrastructure Development ETF $PAVE Acquired by Ascentis Independent Advisors

Ascentis Independent Advisors purchased a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the first quarter, Holdings Channel.com reports. The fund purchased 36,593 shares of the company’s stock, valued at approximately $1,859,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Stephens Inc. AR lifted its position in shares of Global X U.S. Infrastructure Development ETF by 1.4% during the first quarter. Stephens Inc. AR now owns 14,302 shares of the company’s stock worth $727,000 after purchasing an additional 194 shares in the last quarter. NBT Bank N A NY acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the first quarter valued at approximately $29,000. Koshinski Asset Management Inc. increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 6.4% in the first quarter. Koshinski Asset Management Inc. now owns 35,890 shares of the company’s stock valued at $1,824,000 after purchasing an additional 2,143 shares in the last quarter. Hunter Associates Investment Management LLC bought a new position in Global X U.S. Infrastructure Development ETF in the 1st quarter worth approximately $215,000. Finally, Beacon Financial Advisory LLC raised its position in Global X U.S. Infrastructure Development ETF by 5.2% in the 1st quarter. Beacon Financial Advisory LLC now owns 36,029 shares of the company’s stock worth $1,831,000 after purchasing an additional 1,783 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS:PAVE opened at $57.83 on Tuesday. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The stock’s fifty day moving average price is $56.93 and its two-hundred day moving average price is $53.73. Global X U.S. Infrastructure Development ETF has a 52-week low of $43.87 and a 52-week high of $60.43.

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.