Bank of New York Mellon Corp Acquires Shares of 5,327 Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Bank of New York Mellon Corp bought a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the fourth quarter, HoldingsChannel reports. The fund bought 5,327 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors have also modified their holdings of the business. Fisher Asset Management LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the third quarter valued at $295,000. D.A. Davidson & CO. lifted its position in Global X U.S. Infrastructure Development ETF by 35.3% during the 3rd quarter. D.A. Davidson & CO. now owns 38,246 shares of the company’s stock worth $1,574,000 after acquiring an additional 9,974 shares during the period. FMR LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF by 18.2% during the third quarter. FMR LLC now owns 36,497 shares of the company’s stock worth $1,502,000 after purchasing an additional 5,619 shares during the last quarter. Townsquare Capital LLC lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 35.7% during the third quarter. Townsquare Capital LLC now owns 8,506 shares of the company’s stock worth $350,000 after purchasing an additional 2,238 shares during the period. Finally, Arete Wealth Advisors LLC grew its position in Global X U.S. Infrastructure Development ETF by 10.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 9,579 shares of the company’s stock valued at $392,000 after buying an additional 898 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of Global X U.S. Infrastructure Development ETF stock opened at $37.59 on Friday. Global X U.S. Infrastructure Development ETF has a one year low of $35.72 and a one year high of $46.18. The company has a market cap of $7.73 billion, a P/E ratio of 21.38 and a beta of 1.27. The firm has a fifty day moving average of $40.52 and a two-hundred day moving average of $41.60.

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.