Mirae Asset Global Investments Co. Ltd. Makes New Investment in Global X U.S. Infrastructure Development ETF $PAVE

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the third quarter, HoldingsChannel.com reports. The fund purchased 616,185 shares of the company’s stock, valued at approximately $32,350,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. grew its stake in Global X U.S. Infrastructure Development ETF by 43.3% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock worth $454,147,000 after buying an additional 2,699,000 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 24.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock worth $299,851,000 after acquiring an additional 1,001,544 shares during the period. Evergreen Capital Management LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth approximately $49,119,000. Bank of America Corp DE boosted its position in shares of Global X U.S. Infrastructure Development ETF by 3.7% during the 1st quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock worth $1,295,627,000 after acquiring an additional 903,562 shares in the last quarter. Finally, First Interstate Bank acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth approximately $38,817,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS:PAVE opened at $54.45 on Tuesday. Global X U.S. Infrastructure Development ETF has a 1 year low of $45.44 and a 1 year high of $60.43. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The company’s 50 day simple moving average is $53.64 and its 200 day simple moving average is $54.72.

Global X U.S. Infrastructure Development ETF Company 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.