Indivisible Partners Takes Position in Global X U.S. Infrastructure Development ETF $PAVE

Indivisible Partners bought a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,104 shares of the company’s stock, valued at approximately $674,000.

Several other hedge funds have also recently made changes to their positions in the business. Bank of America Corp DE increased its stake in shares of Global X U.S. Infrastructure Development ETF by 7.2% during the third quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock valued at $1,155,476,000 after buying an additional 1,625,360 shares during the period. Bank of Montreal Can increased its stake in shares of Global X U.S. Infrastructure Development ETF by 4.4% during the third quarter. Bank of Montreal Can now owns 23,774,892 shares of the company’s stock valued at $1,132,398,000 after buying an additional 1,001,842 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 37.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock valued at $299,095,000 after buying an additional 1,694,808 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 4.2% during the third quarter. JPMorgan Chase & Co. now owns 3,630,122 shares of the company’s stock valued at $172,903,000 after buying an additional 145,059 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the third quarter valued at approximately $163,051,000.

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

Shares of PAVE stock opened at $58.35 on Thursday. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The business’s fifty day moving average is $53.22 and its 200 day moving average is $50.97. Global X U.S. Infrastructure Development ETF has a twelve month low of $39.09 and a twelve month high of $58.42.

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.