Strategy Asset Managers LLC Grows Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Strategy Asset Managers LLC boosted its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,694 shares of the company’s stock after buying an additional 2,033 shares during the period. Strategy Asset Managers LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,685,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Global X U.S. Infrastructure Development ETF by 24.6% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,418,750 shares of the company’s stock valued at $300,890,000 after purchasing an additional 1,464,000 shares in the last quarter. LPL Financial LLC lifted its position in Global X U.S. Infrastructure Development ETF by 21.3% during the fourth quarter. LPL Financial LLC now owns 6,776,463 shares of the company’s stock worth $273,837,000 after buying an additional 1,191,666 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Global X U.S. Infrastructure Development ETF by 752.6% during the fourth quarter. JPMorgan Chase & Co. now owns 5,604,605 shares of the company’s stock worth $226,482,000 after buying an additional 4,947,263 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Global X U.S. Infrastructure Development ETF by 40.0% in the 4th quarter. Principal Financial Group Inc. now owns 3,479,800 shares of the company’s stock valued at $140,619,000 after buying an additional 994,800 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter worth $84,168,000.

Global X U.S. Infrastructure Development ETF Trading Down 9.3 %

Shares of PAVE stock opened at $37.59 on Friday. Global X U.S. Infrastructure Development ETF has a twelve month low of $35.72 and a twelve month high of $46.18. The company’s 50-day moving average price is $40.52 and its 200-day moving average price is $41.57. The stock has a market cap of $7.73 billion, a price-to-earnings ratio of 21.38 and a beta of 1.27.

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.