Fifth Third Bancorp Boosts Stake in Global X U.S. Infrastructure Development ETF $PAVE

Fifth Third Bancorp raised its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 581.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,889 shares of the company’s stock after purchasing an additional 57,932 shares during the quarter. Fifth Third Bancorp’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth $25,000. eCIO Inc. acquired a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter worth about $27,000. NBT Bank N A NY acquired a new position in Global X U.S. Infrastructure Development ETF during the 1st quarter worth about $29,000. Fortitude Family Office LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at about $33,000. Finally, Millstone Evans Group LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at about $33,000.

Global X U.S. Infrastructure Development ETF Price Performance

BATS PAVE opened at $56.30 on Monday. The company has a market cap of $11.12 billion, a P/E ratio of 23.34 and a beta of 1.24. The stock has a 50-day moving average of $56.91 and a two-hundred day moving average of $54.21. Global X U.S. Infrastructure Development ETF has a 1-year low of $44.28 and a 1-year 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.