Evergreen Capital Management LLC Boosts Stock Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Evergreen Capital Management LLC grew its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 2.1% during the third quarter, Holdings Channel reports. The institutional investor owned 515,937 shares of the company’s stock after purchasing an additional 10,851 shares during the quarter. Evergreen Capital Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $24,574,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at about $71,000. Moss Adams Wealth Advisors LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 1.5% in the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 1,041,197 shares of the company’s stock worth $45,469,000 after buying an additional 15,268 shares during the last quarter. PMG Wealth Management Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth approximately $3,922,000. Barnes Pettey Financial Advisors LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the second quarter valued at approximately $206,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Global X U.S. Infrastructure Development ETF during the third quarter valued at approximately $509,000.

Global X U.S. Infrastructure Development ETF Stock Up 24.4%

BATS:PAVE opened at $51.58 on Friday. The firm’s fifty day simple moving average is $48.56 and its 200 day simple moving average is $47.24. The stock has a market cap of $10.19 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $46.26.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.