Stifel Financial Corp grew its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 11.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 317,420 shares of the company’s stock after acquiring an additional 33,162 shares during the quarter. Stifel Financial Corp’s holdings in Global X U.S. Infrastructure Development ETF were worth $13,065,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. grew its position in Global X U.S. Infrastructure Development ETF by 1,029.7% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock worth $27,000 after purchasing an additional 659 shares during the last quarter. Blue Trust Inc. increased its position in shares of Global X U.S. Infrastructure Development ETF by 164.9% in the 2nd quarter. Blue Trust Inc. now owns 816 shares of the company’s stock valued at $32,000 after acquiring an additional 508 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Global X U.S. Infrastructure Development ETF in the 2nd quarter worth $33,000. First PREMIER Bank acquired a new stake in Global X U.S. Infrastructure Development ETF during the 3rd quarter worth about $39,000. Finally, Howe & Rusling Inc. purchased a new stake in Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at about $39,000.
Global X U.S. Infrastructure Development ETF Stock Down 1.1 %
Shares of BATS:PAVE opened at $43.76 on Wednesday. Global X U.S. Infrastructure Development ETF has a 52-week low of $13.80 and a 52-week high of $17.80. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The business has a 50-day moving average price of $43.19 and a 200-day moving average price of $39.98.
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.
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