Rockefeller Capital Management L.P. Increases Stake in Global X U.S. Infrastructure Development ETF $PAVE

Rockefeller Capital Management L.P. increased its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 47.3% in the 4th quarter, HoldingsChannel reports. The firm owned 468,911 shares of the company’s stock after purchasing an additional 150,490 shares during the period. Rockefeller Capital Management L.P.’s holdings in Global X U.S. Infrastructure Development ETF were worth $22,409,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $25,000. eCIO Inc. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter worth $33,000. Millstone Evans Group LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter worth $33,000. Finally, JNBA Financial Advisors raised its position in Global X U.S. Infrastructure Development ETF by 40.4% in the fourth quarter. JNBA Financial Advisors now owns 712 shares of the company’s stock worth $34,000 after acquiring an additional 205 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 1.2%

Shares of PAVE opened at $59.24 on Tuesday. Global X U.S. Infrastructure Development ETF has a 52-week low of $41.65 and a 52-week high of $59.29. The company has a 50-day simple moving average of $56.28 and a 200-day simple moving average of $53.06. The company has a market capitalization of $11.70 billion, a PE ratio of 23.34 and a beta of 1.24.

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.