DRW Securities LLC Acquires New Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

DRW Securities LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $1,481,000.

A number of other large investors have also recently modified their holdings of PAVE. PNC Financial Services Group Inc. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 38.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the company’s stock valued at $263,000 after purchasing an additional 2,109 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Global X U.S. Infrastructure Development ETF by 7.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 230,916 shares of the company’s stock valued at $7,957,000 after purchasing an additional 16,930 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in Global X U.S. Infrastructure Development ETF by 70.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 35,430 shares of the company’s stock valued at $1,195,000 after buying an additional 14,662 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Global X U.S. Infrastructure Development ETF by 18.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 121,500 shares of the company’s stock worth $4,187,000 after buying an additional 18,500 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 9.4% during the fourth quarter. Stifel Financial Corp now owns 250,500 shares of the company’s stock worth $8,632,000 after buying an additional 21,496 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE opened at $40.48 on Monday. Global X U.S. Infrastructure Development ETF has a 52 week low of $13.80 and a 52 week high of $17.80. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The stock has a fifty day moving average of $38.45 and a 200-day moving average of $38.30.

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.