Principal Financial Group Inc. grew its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 46.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,567,475 shares of the company’s stock after purchasing an additional 494,075 shares during the period. Principal Financial Group Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $79,643,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in PAVE. Jane Street Group LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 11.1% in the first quarter. Jane Street Group LLC now owns 20,867 shares of the company’s stock valued at $787,000 after purchasing an additional 2,081 shares during the period. Russell Investments Group Ltd. increased its stake in Global X U.S. Infrastructure Development ETF by 1,294.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 22,442 shares of the company’s stock worth $978,000 after buying an additional 20,833 shares during the period. Diversify Advisory Services LLC lifted its holdings in Global X U.S. Infrastructure Development ETF by 6.6% in the 2nd quarter. Diversify Advisory Services LLC now owns 29,047 shares of the company’s stock worth $1,354,000 after buying an additional 1,806 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Global X U.S. Infrastructure Development ETF in the 2nd quarter worth $2,070,000. Finally, Quantinno Capital Management LP lifted its holdings in Global X U.S. Infrastructure Development ETF by 36.8% in the 2nd quarter. Quantinno Capital Management LP now owns 9,118 shares of the company’s stock worth $397,000 after buying an additional 2,451 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 $56.78 on Friday. Global X U.S. Infrastructure Development ETF has a 1-year low of $44.28 and a 1-year high of $60.43. The company has a market capitalization of $11.22 billion, a PE ratio of 23.34 and a beta of 1.24. The business has a 50-day moving average of $56.92 and a 200-day moving average of $54.16.
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.
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