NTV Asset Management LLC Buys New Shares in Global X U.S. Infrastructure Development ETF $PAVE

NTV Asset Management LLC bought a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 127,764 shares of the company’s stock, valued at approximately $6,708,000.

A number of other hedge funds have also added to or reduced their stakes in PAVE. Bank of America Corp DE lifted its stake in Global X U.S. Infrastructure Development ETF by 3.7% in the first quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock valued at $1,295,627,000 after buying an additional 903,562 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 43.3% in 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 acquiring an additional 2,699,000 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 24.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock valued at $299,851,000 after acquiring an additional 1,001,544 shares in the last quarter. Moss Adams Wealth Advisors LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 3.0% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 1,816,958 shares of the company’s stock valued at $92,320,000 after acquiring an additional 52,695 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Global X U.S. Infrastructure Development ETF by 8.1% during the 1st quarter. Royal Bank of Canada now owns 1,610,656 shares of the company’s stock valued at $81,837,000 after acquiring an additional 120,091 shares during the period.

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

Shares of BATS PAVE opened at $51.60 on Friday. The firm has a market cap of $10.19 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12-month low of $45.44 and a 12-month high of $60.43. The company’s fifty day simple moving average is $54.03 and its 200 day simple moving average is $55.72.

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.