Waddell & Associates LLC Has $91.64 Million Stake in Global X U.S. Infrastructure Development ETF $PAVE

Waddell & Associates LLC grew its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,917,540 shares of the company’s stock after purchasing an additional 25,372 shares during the quarter. Global X U.S. Infrastructure Development ETF comprises about 6.2% of Waddell & Associates LLC’s holdings, making the stock its 2nd biggest holding. Waddell & Associates LLC owned about 0.97% of Global X U.S. Infrastructure Development ETF worth $91,639,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new position in Global X U.S. Infrastructure Development ETF in the 2nd quarter worth $25,000. eCIO Inc. bought a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter worth $27,000. Fortitude Family Office LLC bought a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter worth $33,000. Millstone Evans Group LLC bought a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter worth $33,000. Finally, JNBA Financial Advisors raised its holdings in Global X U.S. Infrastructure Development ETF by 40.4% in the 4th quarter. JNBA Financial Advisors now owns 712 shares of the company’s stock worth $34,000 after purchasing an additional 205 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of Global X U.S. Infrastructure Development ETF stock opened at $56.51 on Tuesday. The company has a 50-day moving average of $55.02 and a 200 day moving average of $52.33. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 1 year low of $41.65 and a 1 year high of $58.55.

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.