Van ECK Associates Corp Acquires 35,408 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Van ECK Associates Corp increased its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 52.4% in the second quarter, Holdings Channel.com reports. The firm owned 102,979 shares of the company’s stock after purchasing an additional 35,408 shares during the quarter. Van ECK Associates Corp’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,812,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PAVE. Principal Financial Group Inc. purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter worth about $103,108,000. Cetera Investment Advisers boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 325.0% during the 1st quarter. Cetera Investment Advisers now owns 922,494 shares of the company’s stock worth $36,724,000 after purchasing an additional 705,438 shares during the period. Congress Wealth Management LLC DE boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 18.6% during the 4th quarter. Congress Wealth Management LLC DE now owns 2,956,322 shares of the company’s stock worth $101,875,000 after purchasing an additional 463,636 shares during the period. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 84.5% during the 2nd quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 939,000 shares of the company’s stock worth $34,761,000 after purchasing an additional 430,000 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 15.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,679,566 shares of the company’s stock worth $92,338,000 after purchasing an additional 362,821 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Down 0.6 %

PAVE stock opened at $37.71 on Thursday. The stock has a market cap of $7.22 billion, a PE ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 12 month low of $13.80 and a 12 month high of $17.80. The company has a 50-day moving average price of $38.06 and a 200 day moving average price of $38.18.

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.