Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Acquired by First Interstate Bank

First Interstate Bank increased its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 47.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,109,398 shares of the company’s stock after acquiring an additional 357,771 shares during the period. Global X U.S. Infrastructure Development ETF makes up approximately 2.8% of First Interstate Bank’s holdings, making the stock its 13th largest holding. First Interstate Bank owned about 0.58% of Global X U.S. Infrastructure Development ETF worth $45,663,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PAVE. Farmers & Merchants Investments Inc. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 1,029.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock worth $27,000 after acquiring an additional 659 shares in the last quarter. Blue Trust Inc. increased its holdings in Global X U.S. Infrastructure Development ETF by 164.9% during the 2nd quarter. Blue Trust Inc. now owns 816 shares of the company’s stock worth $32,000 after purchasing an additional 508 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at approximately $33,000. First PREMIER Bank purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at approximately $39,000. Finally, Clear Point Advisors Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the second quarter worth $40,000.

Global X U.S. Infrastructure Development ETF Trading Up 0.4 %

BATS PAVE traded up $0.17 during trading hours on Friday, reaching $41.29. 1,373,053 shares of the company traded hands. The stock has a market capitalization of $7.91 billion, a PE 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. The company has a 50 day moving average of $40.29 and a two-hundred day moving average of $38.82.

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.