Petra Financial Advisors Inc. Takes Position in Global X U.S. Infrastructure Development ETF $PAVE

Petra Financial Advisors Inc. bought a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,073 shares of the company’s stock, valued at approximately $461,000.

A number of other hedge funds have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Global X U.S. Infrastructure Development ETF by 43.3% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock valued at $454,147,000 after purchasing an additional 2,699,000 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Global X U.S. Infrastructure Development ETF by 30.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,736,398 shares of the company’s stock worth $226,353,000 after buying an additional 1,106,276 shares during the last quarter. Bank of Montreal Can grew its stake in Global X U.S. Infrastructure Development ETF by 3.7% during the fourth quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock worth $1,177,704,000 after buying an additional 868,412 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth approximately $35,769,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth approximately $32,201,000.

Global X U.S. Infrastructure Development ETF Trading Up 0.9%

BATS:PAVE opened at $56.20 on Wednesday. Global X U.S. Infrastructure Development ETF has a 1 year low of $44.28 and a 1 year high of $60.43. The firm has a 50 day moving average of $56.88 and a 200-day moving average of $54.32. The stock has a market capitalization of $11.10 billion, a P/E ratio of 23.34 and a beta of 1.24.

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