Global X U.S. Infrastructure Development ETF $PAVE Position Boosted by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC increased its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1,302.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 364,538 shares of the company’s stock after purchasing an additional 338,541 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $17,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its position in Global X U.S. Infrastructure Development ETF by 26.1% during the third quarter. Jones Financial Companies Lllp now owns 149,973 shares of the company’s stock worth $7,059,000 after buying an additional 31,014 shares in the last quarter. Cary Street Partners Financial LLC grew its position in Global X U.S. Infrastructure Development ETF by 75.4% during the third quarter. Cary Street Partners Financial LLC now owns 70,149 shares of the company’s stock worth $3,341,000 after buying an additional 30,155 shares in the last quarter. Leavell Investment Management Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF during the third quarter worth about $475,000. Capital Asset Advisory Services LLC grew its position in Global X U.S. Infrastructure Development ETF by 4.4% during the fourth quarter. Capital Asset Advisory Services LLC now owns 990,479 shares of the company’s stock worth $49,494,000 after buying an additional 41,513 shares in the last quarter. Finally, Mutual Advisors LLC grew its position in Global X U.S. Infrastructure Development ETF by 43.6% during the third quarter. Mutual Advisors LLC now owns 36,263 shares of the company’s stock worth $1,738,000 after buying an additional 11,016 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Down 0.9%

PAVE stock opened at $56.52 on Wednesday. Global X U.S. Infrastructure Development ETF has a twelve month low of $40.61 and a twelve month high of $58.55. The company has a market cap of $11.17 billion, a PE ratio of 23.34 and a beta of 1.24. The business’s 50-day simple moving average is $53.34 and its 200 day simple moving average is $51.23.

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