Van ECK Associates Corp Increases Stock Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Van ECK Associates Corp boosted its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 10.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 95,421 shares of the company’s stock after purchasing an additional 8,749 shares during the quarter. Van ECK Associates Corp owned about 0.06% of Global X U.S. Infrastructure Development ETF worth $3,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Crewe Advisors LLC lifted its position in Global X U.S. Infrastructure Development ETF by 1,094.0% during the 3rd quarter. Crewe Advisors LLC now owns 1,003 shares of the company’s stock worth $30,000 after acquiring an additional 919 shares in the last quarter. Fifth Third Bancorp purchased a new position in Global X U.S. Infrastructure Development ETF in the third quarter valued at about $34,000. U S Global Investors Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at approximately $34,000. Register Financial Advisors LLC acquired a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at approximately $35,000. Finally, Trifecta Capital Advisors LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the 3rd quarter worth approximately $44,000.

Global X U.S. Infrastructure Development ETF Trading Up 1.1 %

PAVE stock opened at $38.72 on Tuesday. The firm has a 50 day simple moving average of $38.43 and a 200-day simple moving average of $34.90. The company has a market capitalization of $7.42 billion, a P/E ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a twelve month low of $13.80 and a twelve month high of $17.80.

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.