Global X U.S. Infrastructure Development ETF (BATS:PAVE) is HBW Advisory Services LLC’s 6th Largest Position

HBW Advisory Services LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 132.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 362,258 shares of the company’s stock after buying an additional 206,101 shares during the quarter. Global X U.S. Infrastructure Development ETF comprises 2.2% of HBW Advisory Services LLC’s portfolio, making the stock its 6th largest holding. HBW Advisory Services LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $14,911,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Centaurus Financial Inc. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 15.5% during the 2nd quarter. Centaurus Financial Inc. now owns 182,136 shares of the company’s stock worth $6,743,000 after purchasing an additional 24,429 shares during the period. Heritage Wealth Management Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth $309,000. Sanctuary Advisors LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth $7,041,000. Heritage Oak Wealth Advisors LLC bought a new stake in Global X U.S. Infrastructure Development ETF during the second quarter valued at about $779,000. Finally, Granite Bay Wealth Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the second quarter valued at about $3,081,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock traded down $0.22 during mid-day trading on Friday, hitting $40.67. 559,237 shares of the stock traded hands. 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 cap of $7.79 billion, a P/E ratio of 20.28 and a beta of 1.13. The stock’s fifty day moving average is $38.81 and its two-hundred day moving average is $38.46.

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.