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

Anchor Investment Management LLC bought a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,400 shares of the company’s stock, valued at approximately $140,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. boosted its holdings in shares of 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 valued at $27,000 after buying an additional 659 shares in the last quarter. Blue Trust Inc. boosted its stake in Global X U.S. Infrastructure Development ETF by 164.9% during the second quarter. Blue Trust Inc. now owns 816 shares of the company’s stock worth $32,000 after acquiring an additional 508 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Global X U.S. Infrastructure Development ETF in the second quarter worth about $33,000. First PREMIER Bank bought a new position in shares of Global X U.S. Infrastructure Development ETF during the third quarter valued at approximately $39,000. Finally, Howe & Rusling Inc. purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the third quarter valued at approximately $39,000.

Global X U.S. Infrastructure Development ETF Stock Down 0.9 %

Shares of PAVE opened at $43.17 on Friday. 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 $8.27 billion, a P/E ratio of 20.28 and a beta of 1.13. The business’s 50 day moving average price is $43.41 and its 200-day moving average price is $40.09.

About Global X U.S. Infrastructure Development ETF

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.