Cobblestone Asset Management LLC Purchases New Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Cobblestone Asset Management LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 24,351 shares of the company’s stock, valued at approximately $901,000. Global X U.S. Infrastructure Development ETF makes up approximately 0.6% of Cobblestone Asset Management LLC’s investment portfolio, making the stock its 25th biggest position.

Several other institutional investors have also modified their holdings of the stock. Peddock Capital Advisors LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 2.2% during the fourth quarter. Peddock Capital Advisors LLC now owns 82,969 shares of the company’s stock worth $2,859,000 after buying an additional 1,815 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Global X U.S. Infrastructure Development ETF by 185.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 136,000 shares of the company’s stock worth $4,697,000 after purchasing an additional 88,325 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 10.1% during the fourth quarter. Van ECK Associates Corp now owns 95,421 shares of the company’s stock worth $3,288,000 after purchasing an additional 8,749 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 70.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 35,430 shares of the company’s stock worth $1,195,000 after purchasing an additional 14,662 shares during the period. Finally, Avantax Advisory Services Inc. grew its position in Global X U.S. Infrastructure Development ETF by 87.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 57,658 shares of the company’s stock valued at $1,987,000 after buying an additional 26,931 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 1.7 %

Shares of Global X U.S. Infrastructure Development ETF stock traded up $0.64 during trading on Thursday, reaching $38.22. The company’s stock had a trading volume of 572,819 shares. The business has a 50 day moving average price of $37.72 and a 200-day moving average price of $37.86. The company has a market capitalization of $7.32 billion, a P/E ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 12-month low of $13.80 and a 12-month high of $17.80.

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.