L & S Advisors Inc Buys Shares of 6,814 Global X U.S. Infrastructure Development ETF (BATS:PAVE)

L & S Advisors Inc purchased a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,814 shares of the company’s stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PAVE. Bank of Montreal Can grew its position in Global X U.S. Infrastructure Development ETF by 11.0% in the second quarter. Bank of Montreal Can now owns 19,491,116 shares of the company’s stock worth $726,044,000 after acquiring an additional 1,928,517 shares in the last quarter. Meitav Investment House Ltd. grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 9.9% in the second quarter. Meitav Investment House Ltd. now owns 2,696,368 shares of the company’s stock worth $99,905,000 after purchasing an additional 242,141 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 14.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,610,146 shares of the company’s stock worth $59,608,000 after buying an additional 198,255 shares during the period. Commonwealth Equity Services LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 19.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,386,938 shares of the company’s stock valued at $57,086,000 after buying an additional 229,948 shares during the last quarter. Finally, First Interstate Bank boosted its position in Global X U.S. Infrastructure Development ETF by 47.6% during the 3rd quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock valued at $45,663,000 after buying an additional 357,771 shares during the period.

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

PAVE stock opened at $44.81 on Friday. The stock has a market capitalization of $8.58 billion, a price-to-earnings 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 firm’s 50-day moving average price is $41.96 and its two-hundred day moving average price is $39.44.

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.